Fortune Brands Innovations Inc expected to post earnings of 74 cents a share - Earnings Preview

Fortune Brands Innovations

26/04/2024 22:21

* Fortune Brands Innovations Inc  FBIN.N   FBIN.K  is
expected
to show a rise in quarterly revenue when it reports  results on
April 30 for the period ending March 31 2024
    * The Deerfield Illinois-based  company is expected to
report a
3.5% increase in revenue to $1.077 billion from $1.04 billion a
year ago, according to the mean estimate from 14 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Fortune Brands
Innovations Inc
is for earnings of 74 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 11
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Fortune
Brands
Innovations Inc is $85.00​, above​ its last closing price
of $73.22. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.93        0.93       0.95      Beat    2.4
 Sep. 30 2023  1.10        1.09       1.19      Beat    8.8
 Jun. 30 2023  1.03        1.02       1.07      Beat    4.5​
 Mar. 31 2023  0.60        0.60       0.69      Beat    15.6
 ​​Dec.        1.34        1.35       1.56      Beat    15.6
 31 2022                                                
 Sep. 30 2022  1.67        1.72       1.79      Beat    4.3​
 Jun. 30 2022  1.58        1.60       1.67      Beat    4.7
 Mar. 31 2022  1.26        1.26       1.31      Beat    3.9
 This summary was machine generated April 26 at 21:21 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)