Core Insights - Analysts project that Fortune Brands Innovations (FBIN) will report quarterly earnings of $1.05 per share, reflecting a year-over-year increase of 10.5% [1] - Revenue is expected to reach $1.15 billion, indicating a decline of 1.4% from the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the past 30 days, suggesting a reassessment of projections by covering analysts [1] Revenue Projections - Analysts forecast 'Net Sales- Outdoors' to be $307.14 million, representing a year-over-year change of -0.7% [3] - The consensus estimate for 'Net Sales- Security' is $173.36 million, indicating a decline of 8.3% from the prior-year quarter [4] - 'Net Sales- Water' is projected to reach $660.52 million, reflecting a change of -0.4% from the year-ago quarter [4] Operating Income Estimates - The estimated 'Operating Income(loss) before charges/gains (Non-GAAP)- Water' is $154.92 million, up from $144.30 million in the previous year [5] - 'Operating Income(loss) before charges/gains (Non-GAAP)- Outdoors' is expected to be $56.66 million, compared to $42.90 million a year ago [5] - The average prediction for 'Operating Income(loss) Before Charges/Gains (Non-GAAP)- Security' is $22.26 million, down from $32.60 million reported in the same quarter last year [6] Stock Performance - Shares of Fortune Brands Innovations have increased by 1.5% over the past month, compared to a 1.7% increase in the Zacks S&P 500 composite [6] - With a Zacks Rank 2 (Buy), FBIN is anticipated to outperform the overall market in the near future [6]

Fortune Brands Innovations (FBIN) closed the last trading session at $68.96, gaining 0.9% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $86.46 indicates a 25.4% upside potential.The average comprises 13 short-term price targets ranging from a low of $75 to a high of $101, with a standard deviation of $8.15. While the lowest estimate indicates an increase of 8.8% from the current ...

Investors looking for stocks in the Retail - Home Furnishings sector might want to consider either Fortune Brands Innovations (FBIN) or Williams-Sonoma (WSM) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Za ...

Core Viewpoint - Fortune Brands Innovations (FBIN) is anticipated to report a year-over-year increase in earnings despite a decline in revenues for the quarter ending December 2024, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is scheduled for February 6, 2025, with expectations of quarterly earnings at $1.05 per share, reflecting a +10.5% change year-over-year, while revenues are projected to be $1.15 billion, down 1.4% from the previous year [3][2]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4]. The Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +2.10%, suggesting a bullish outlook from analysts [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3, which enhances predictive power [8][9]. Historical Performance - Fortune Brands Innovations has a history of beating consensus EPS estimates, having done so in the last four quarters, including a +0.87% surprise in the most recent quarter [12][13]. Conclusion - While the company is positioned as a compelling earnings-beat candidate, other factors should also be considered when evaluating the stock ahead of the earnings release [16].

I gave a buy rating to Fortune Brands Innovations (NYSE: FBIN ) in August, with my key thesis being that growth should get better as the US macro conditions recover, and with the partnership strategy, medium-termI'm a passionate investor with a strong foundation in fundamental analysis and a keen eye for identifying undervalued companies with long-term growth potential. My investment approach is a blend of value investing principles and a focus on long-term growth. I believe in buying quality companies at a ...

Fortune Brands Innovations (FBIN) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.87%. A quarter ago, it was expected that this maker of products for the home, like faucets, cabinets, windows and doors would post earnings of $1.12 per share when it actually produced earnings of $1.1 ...

ATLANTA, Oct. 10, 2024 (GLOBE NEWSWIRE) -- FORTNA, a leading automation and software company for the full logistics value chain, in collaboration with Moen, a prominent brand of Fortune Brands Innovations, today opened a state-of-the-art distribution center in North Las Vegas utilizing a FORTNA-designed AutoStore solution. This ribbon-cutting event marks a significant milestone in optimizing operations on the west coast for Moen. The new center is a strategic fit designed to enhance Moen's ability to servic ...

Core Insights - Yale has launched the "Secure Start" contest to provide financial and security support for new renters amid rising rent prices and moving challenges [1][4] - The contest offers five winners assistance with their security deposits and the new Yale Approach™ Lock, a key-free smart lock designed for renters [1][2] Contest Details - Participants can enter by following Yale's Instagram and commenting on the contest post, explaining how $2,000 for rent or a security deposit would help them [3] - The contest runs from October 1 to October 11, 2024, with winners receiving financial assistance and smart lock products [3] Survey Insights - A survey by Yale revealed that over 80% of respondents believe one month of free rent, equivalent to the average security deposit, would provide peace of mind [2] - 70% of respondents reported difficulties in finding affordable housing, and 89% do not currently own a smart lock, although 94% expressed interest in acquiring one [3] Product Features - The Yale Approach™ Lock is a retrofit solution that is easy to install without altering existing hardware, providing convenience and enhanced security for renters [2][4] - The lock allows users to monitor and share access securely with trusted individuals, addressing both security and financial concerns for renters [2][3] Additional Support - Yale has partnered with design expert Imani Keal to offer tips for renters on enhancing their apartment's design without risking their security deposit [4] - Tips include using peel-and-stick materials for decor, upgrading small fixtures, and ensuring home security with the Yale Approach Lock [4]

Core Insights - Moen and Meritage Homes have signed a multiyear agreement to continue as Meritage's exclusive supplier of faucets and bath accessories, enhancing the quality and durability of plumbing solutions in energy-efficient homes [1][2]. Company Overview - Moen is recognized as the 1 consumer faucet brand in North America, offering a wide range of innovative kitchen and bath products that enhance user experience and water control [4]. - Meritage Homes is the fifth-largest public homebuilder in the United States, known for its energy-efficient and affordable homes, with operations across multiple states [6][7]. Partnership Details - The partnership between Moen and Meritage has lasted over 20 years, focusing on innovative and stylish plumbing products that align with Meritage's mission of creating sustainable homes [2][3]. - Moen's products meet EPA WaterSense® criteria, promoting water conservation and providing homebuyers with potential monthly utility cost savings [3]. Industry Recognition - Meritage Homes has delivered over 185,000 homes and has received multiple awards for its commitment to energy efficiency, including the EPA's ENERGY STAR® Partner of the Year for Sustained Excellence Award [7].

Investment Thesis - Fortune Brands Innovations, Inc. (FBIN) is expected to see upside driven by good execution, market share gains, and new partnerships in its connected product portfolio [5] - The interest rate cycle is anticipated to reverse, benefiting both new construction and repair & remodel (R&R) demand in the housing industry [5] - The company's margins are projected to improve due to favorable price/cost dynamics, an improving mix, cost savings, and volume leverage [5] - Despite a slightly higher valuation multiple than historical averages, it is justified due to the exit from lower-margin cabinet business [5] Revenue Analysis and Outlook - Recent sales were negatively impacted by channel inventory destocking and lower end-market demand due to a weak housing market [6] - In Q2 FY2024, FBIN experienced a 6.6% year-over-year increase in total revenue to $1.2 billion, although organic sales declined by 3% year-over-year [7] - The Water Innovation segment saw a 7% year-over-year sales growth, while the Security segment grew by 11.7% year-over-year, despite organic sales declines in both segments [8] Margin Analysis and Outlook - FBIN posted a 40 basis points year-over-year increase in adjusted operating margins, aided by improved margin mix and manufacturing efficiencies [12] - The Water Innovation segment's adjusted operating margin improved to 23.3%, while the Security segment saw a significant increase to 18.9% [13] - The company is expected to benefit from easing raw material costs and improved margins from connected/digital products [12][13] Valuation and Rating - FBIN stock is currently trading at 18.85x FY24 consensus EPS estimates of $4.29, which is a premium to its 5-year historical average of 16.48x but a discount to the sector median of 19.77x [14][15] - The company is expected to trade at a premium due to its higher-margin profile after spinning off its less profitable cabinet business [16] - The stock is projected to provide a good double-digit CAGR for investors, supported by double-digit EPS growth and a ~1.2% dividend yield [16]