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

Fortune Brands Innovations

28/07/2023 02:01

* Fortune Brands Innovations Inc  FBIN.N  reported quarterly
adjusted earnings of $1.07​​ per share for the quarter ended in
June. The mean expectation of eighteen analysts for the quarter
was for earnings of $1.02 per share.
    * Revenue fell 44.9% to $1.16 billion from a year ago;
analysts
expected $1.17 billion. 
    * Fortune Brands Innovations Inc's reported EPS for the
quarter
was 80 cents​.
    * The mean earnings estimate of analysts had risen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Fortune Brands Innovations Inc shares had risen by 5.3%
this
quarter and gained 32.7% so far this year.
    * The company reported quarterly net income of $102.1
million.
    * Wall Street's median 12-month price target for Fortune
Brands
Innovations Inc is $74.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 10
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
28 at 01:01 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.02           1.07           Beat
 Mar. 31 2023      0.60           0.69           Beat
 Dec. 31 2022      1.35           1.56           Beat
 Sep. 30 2022      1.72           1.79           Beat