Spectrum Brands Holdings Inc reports results for the quarter ended in December - Earnings Summary
08/02/2024 14:33
* Spectrum Brands Holdings Inc SPB.N reported quarterly
adjusted
earnings of 78 cents per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -32 cents. The mean expectation of
nine analysts for the quarter was for earnings of 43 cents per
share. Wall Street expected results to range from 5 cents to 90
cents per share.
* Revenue fell 3% to $692.20 million from a year ago;
analysts
expected $673.86 million.
* Spectrum Brands Holdings Inc's reported EPS for the
quarter was
85 cents.
* The company reported quarterly net income of $29.1
million.
* Spectrum Brands Holdings Inc shares had risen by 0.3% this
quarter.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 8.2%
in the last three months.
* In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the appliances,
tools &
housewares peer group is also "buy"
Wall Street's median 12-month price target for Spectrum Brands
Holdings Inc is $85.00
This summary was machine generated from LSEG data February 8 at
02:32 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
Dec. 31 2023 0.43 0.78 Beat
Sep. 30 2023 1.03 1.36 Beat
Jun. 30 2023 0.40 0.75 Beat
Mar. 31 2023 -0.05 -0.14 Missed