Newell Brands (NWL) Exceeds Fourth Quarter Earnings Estimates



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Newell Brands NWL has announced a quarterly profit of $ 0.47 per share, exceeding the Zacks consensus estimate of $ 0.41 per share. This compares to a profit of $ 0.68 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents a profit surprise of 14.63%. A quarter of a month ago, it was expected that this consumer products company would record a profit of $ 0.26 per share while it realized a profit of $ 0.54, a surprise of 107.69%. .

In the last four quarters, the company has exceeded EPS consensus estimates by four.

Newell Brands, which is part of the Zacks Consumer Products – Staples segment, reported sales of $ 2.34 billion for the quarter ended December 2018, which is 2.64% less than the average revenue of $ 1.5 billion. consensus index of Zacks. This compares with last year 's $ 3.74 billion. The company has not been able to exceed the estimates of the consensus business figure over the past four quarters.

The sustainability of the immediate stock price movement based on recently published figures and future earnings forecasts will depend primarily on management's feedback on the call for results.

Newell Brands shares have grown about 16.7% since the beginning of the year, compared to 9.5% for the S & P 500.

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Although Newell Brands has outperformed the market since the beginning of the year, the question for investors is: what is the next step for the stock?

There is no simple answer to this key question, but the company's earnings outlook is a reliable measure to help investors. This includes not only the current consensus results for the coming quarters, but also how these forecasts have changed recently.

Empirical research shows a strong correlation between short-term stock movements and trends in revisions to earnings estimates. Investors can track these revisions themselves, or rely on a proven scoring tool such as Zacks Rank, which has impressive experience operating the revision of earnings power estimates.

Prior to the release of these results, the trend of the estimated revisions for Newell Brands was mixed. Although the magnitude and direction of the revisions may change as a result of the release of the company's earnings report, the current status results in a Zack ranking of 3 percent. the title. As a result, equities should evolve in line with the market in the near future. You can see the complete list of # 1 Zacks stock at current rank (strong buy) here.

It will be interesting to see how the estimates for the coming quarters and the current fiscal year will change in the coming days. The consensus against the current earnings per share is estimated at 0.03 USD for a business turnover of 1.79 billion USD for the coming quarter and at 1.64 USD for a turnover of 8.77 billion USD for the current fiscal year.

Investors should be aware that the outlook for the sector can also have a significant impact on the performance of the security. With regard to the Zacks industry ranking, consumer products – Staples currently ranks in the top 32% of Zack's 250 industries. Our research shows that the top 50% of industries ranked by Zacks perform better than the bottom 50% by a factor greater than 2 to 1.

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Newell Brands Inc. (NWL): Free Stock Analysis Report
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Newell Brands Inc. (NWL): Free Stock Analysis Report

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