Stanley Black & Decker Inc reports results for the quarter ended in September 30 - Earnings Summary

Stanley Black & Decker

29/10/2024 14:19

* Stanley Black & Decker Inc  SWK.N  reported quarterly
adjusted
earnings of $1.22​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of $1.05.  The mean expectation of fifteen analysts
for the quarter was for earnings of $1.05 per share. Wall Street
expected results to range from 99 cents to $1.11 per share.
    * Revenue fell 5.1% to $3.75 billion from a year ago;
analysts
expected $3.80 billion. 
    * Stanley Black & Decker Inc's reported EPS for the quarter
was 60
cents​.
    * The company reported quarterly net income of $91.1
million.
    * Stanley Black & Decker Inc shares had fallen by 6.5% this
quarter and gained 4.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.1%
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 4 "strong buy" or "buy," 13
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "hold"

Wall Street's median 12-month price target for Stanley Black &
Decker Inc is 107.22 
This summary was machine generated from LSEG data October 29 at
02:19 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
 Jan. 1 0001       1.05           1.22           Beat
 Jun. 30 2024      0.84           1.09           Beat
 Mar. 31 2024      0.54           0.56           Beat
 Dec. 31 2023      0.79           0.92           Beat