Fortune Brands Innovations Inc reports results for the quarter ended in January 1 - Earnings Summary

Fortune Brands Innovations

07/11/2024 05:21

* Fortune Brands Innovations Inc  FBIN.N  reported quarterly
adjusted earnings of $1.16​​ per share for the quarter ended
January 1, lower than the same quarter last year, when the
company reported EPS of $1.19.  The mean expectation of
seventeen analysts for the quarter was for earnings of $1.14 per
share. Wall Street expected results to range from $1.11 
to $1.22 per share.
    * Revenue fell 8.4% to $1.16 billion from a year ago;
analysts
expected $1.24 billion. 
    * Fortune Brands Innovations Inc's reported EPS for the
quarter
was $1.09​.
    * The company reported quarterly net income of $136.6
million.
    * Fortune Brands Innovations Inc shares had fallen by 5.9%
this
quarter and gained 10.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 12
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the construction
supplies & fixtures peer group is also "hold"

Wall Street's median 12-month price target for Fortune Brands
Innovations Inc is $94.50 
This summary was machine generated from LSEG data November 7 at
05:21 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      1.14           1.16           Beat
 Jun. 30 2024      1.12           1.16           Beat
 Mar. 31 2024      0.74           0.83           Beat
 Dec. 31 2023      0.93           0.95           Beat