Newell Brands Inc reports results for the quarter ended in January - Earnings Summary

Newell Brands

26/07/2024 14:31

* Newell Brands Inc  NWL.OQ  reported quarterly adjusted
earnings
of 36 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 24 cents.  The mean expectation of twelve analysts for the
quarter was for earnings of 21 cents per share. Wall Street
expected results to range from 20 cents to 25 cents per share.
    * Revenue fell 7.8% to $2.03 billion from a year ago;
analysts
expected $2.05 billion. 
    * Newell Brands Inc's reported EPS for the quarter was 11
cents​.
    * The company reported quarterly net income of $45 million.
    * Newell Brands Inc shares had fallen by 1.1% this
quarter and
lost 27.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.5%
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 1 "strong buy" or "buy," 12
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the appliances,
tools &
housewares peer group is also "hold"

Wall Street's median 12-month price target for Newell Brands Inc
is $8.00 
This summary was machine generated from LSEG data July 26 at
01:31 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      0.21           0.36           Beat
 Mar. 31 2024      -0.07          0.00           Beat
 Dec. 31 2023      0.17           0.22           Beat
 Sep. 30 2023      0.23           0.39           Beat