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

Fortune Brands Innovations

25/07/2024 22:01

* Fortune Brands Innovations Inc  FBIN.N  reported quarterly
adjusted earnings of $1.16​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of $1.07.  The mean expectation of fifteen analysts
for the quarter was for earnings of $1.12 per share. Wall Street
expected results to range from $1.07  to $1.24 per share.
    * Revenue rose 6.6% to $1.24 billion from a year ago;
analysts
expected $1.28 billion. 
    * Fortune Brands Innovations Inc's reported EPS for the
quarter
was $1.06​.
    * The company reported quarterly net income of $133.9
million.
    * Fortune Brands Innovations Inc shares had risen by 6.3%
this
quarter and lost 9.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.1%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 11
"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 $82.00 
This summary was machine generated from LSEG data July 25 at
09:01 p.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
 Jun. 30 2024      1.12           1.16           Beat
 Mar. 31 2024                     0.83           
 Dec. 31 2023      0.93           0.95           Beat
 Sep. 30 2023      1.09           1.19           Beat