Newell Brands Inc reports results for the quarter ended in September 30 - Earnings Summary

Newell Brands

27/10/2024 15:44

* Newell Brands Inc  NWL.OQ  reported quarterly adjusted
earnings
of 16 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 39 cents.  The mean expectation of thirteen analysts for
the quarter was for earnings of 16 cents per share. Wall Street
expected results to range from 15 cents to 18 cents per share.
    * Revenue fell 4.9% to $1.95 billion from a year ago;
analysts
expected $1.96 billion. 
    * Newell Brands Inc's reported EPS for the quarter was a
loss
of 48 cents​.
    * The company reported a quarterly loss of $198 million.
    * Newell Brands Inc shares had fallen by 6.5% this
quarter and
lost 17.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 $8.50 
This summary was machine generated from LSEG data October 27 at
03:43 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
 Sep. 30 2024      0.16           0.16           Met
 Jun. 30 2024      0.21           0.36           Beat
 Mar. 31 2024      -0.07          0.00           Beat
 Dec. 31 2023      0.17           0.22           Beat