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

Fortune Brands Innovations

30/04/2024 23:14

* Fortune Brands Innovations Inc  FBIN.N  reported quarterly
adjusted earnings of 83 cents​​ per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of 69 cents.  The mean expectation of
sixteen analysts for the quarter was for earnings of 74 cents
per share. Wall Street expected results to range from 72 cents
to 78 cents per share.
    * Revenue rose 6.7% to $1.11 billion from a year ago;
analysts
expected $1.08 billion. 
    * Fortune Brands Innovations Inc's reported EPS for the
quarter
was 76 cents​.
    * The company reported quarterly net income of $96.4
million.
    * Fortune Brands Innovations Inc shares had fallen by 11.1%
this
quarter and lost 1.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.3%
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," 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 $85.00 
This summary was machine generated from LSEG data April 30 at
10:14 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
 Mar. 31 2024      0.74           0.83           Beat
 Dec. 31 2023      0.93           0.95           Beat
 Sep. 30 2023      1.09           1.19           Beat
 Jun. 30 2023      1.02           1.07           Beat