Spectrum Brands Holdings Inc reports results for the quarter ended in June - Earnings Summary
08/08/2024 14:33
* Spectrum Brands Holdings Inc SPB.N reported quarterly
adjusted
earnings of $1.10 per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 75 cents. The mean expectation of ten analysts
for the quarter was for earnings of $1.21 per share. Wall Street
expected results to range from 89 cents to $1.81 per share.
* Revenue rose 6% to $779.40 million from a year ago;
analysts
expected $755.33 million.
* Spectrum Brands Holdings Inc's reported EPS for the
quarter was
21 cents.
* The company reported quarterly net income of $6.1 million.
* Spectrum Brands Holdings Inc shares had fallen by 4.8%
this
quarter and gained 2.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 2.2%
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 "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 5
"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 $108.00
This summary was machine generated from LSEG data August 8 at
01:32 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
Jun. 30 2024 1.21 1.10 Missed
Mar. 31 2024 0.62 1.62 Beat
Dec. 31 2023 0.43 0.78 Beat
Sep. 30 2023 1.36