Newell Brands Inc expected to post earnings of 21 cents a share - Earnings Preview

Newell Brands

24/07/2024 13:47

* Newell Brands Inc  NWL.OQ   NWL.O  is expected to show a
fall in
quarterly revenue when it reports  results on July 26 for the
period ending June 30 2024
    * The Atlanta Georgia-based  company is expected to report a
7.2% decrease in revenue to $2.046 billion from $2.2 billion a
year ago, according to the mean estimate from 9 analysts, based
on LSEG data.The company's guidance on April 26 2024, for the
period ended June 30, was for revenue between $2.07 billion and
$2.12 billion.
    * ​LSEG's mean analyst estimate for Newell Brands Inc is for
earnings of 21 cents per share. The company's EPS guidance on
April 26 2024, for the period ended June 30, was between $0.18
and $0.21 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 12
"hold" and no "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 Newell
Brands Inc
is $8.00​, above​ its last closing price of $6.31. ​​​

The company's guidance on April 26 2024 for the period ended
June 30 was for Earnings before Interest and Taxes between
USD188.53016 million and USD203.12064 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.06       -0.07      0.00      Beat    100
 Dec. 31 2024  0.17        0.17       0.22      Beat    28.4
 Sep. 30 2023  0.23        0.23       0.39      Beat    70.1​
 Jun. 30 2023  0.15        0.14       0.24      Beat    77.2
 ​​Jan.        -0.03       -0.04      -0.06     Missed  -69.8
 1 0001                                                 
 Dec. 31 2022  0.11        0.11       0.16      Beat    39.7​
 Sep. 30 2022  0.47        0.47       0.53      Beat    13.9
 Jun. 30 2022  0.47        0.47       0.57      Beat    21.3
 This summary was machine generated July 24 at 12:47 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)