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

Newell Brands

26/04/2024 17:28

* Newell Brands Inc  NWL.OQ  reported quarterly breakeven
results​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -6
cents.  The mean expectation of twelve analysts for the quarter
was for a loss of 7 cents per share. Wall Street expected
results to range from -9 cents to -2 cents per share.
    * Revenue fell 8.4% to $1.65 billion from a year ago;
analysts
expected $1.64 billion. 
    * Newell Brands Inc's reported EPS for the quarter was a
loss of 2
cents​.
    * The company reported a quarterly loss of $9 million.
    * Newell Brands Inc shares had fallen by 13.6% this
quarter and
lost 20.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 377.4% 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," 11
"hold" and 1 "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 $7.63 
This summary was machine generated from LSEG data April 26 at
04:28 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      -0.07          0.00           Beat
 Dec. 31 2023      0.17           0.22           Beat
 Sep. 30 2023      0.23           0.39           Beat
 Jun. 30 2023      0.14           0.24           Beat