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What Analyst Projections for Key Metrics Reveal About Newell Brands (NWL) Q3 Earnings
Newell BrandsNewell Brands(US:NWL) ZACKSยท2024-10-22 14:21

Core Insights - Newell Brands (NWL) is expected to report quarterly earnings of $0.16 per share, reflecting a 59% decline year-over-year [1] - Analysts forecast revenues of $1.96 billion, indicating a decrease of 4.3% compared to the previous year [1] - There has been a 1.3% upward revision in the consensus EPS estimate over the past 30 days, suggesting analysts have reappraised their projections [1] Financial Metrics - Consensus estimate for 'Net sales- Learning and Development' is $697.85 million, showing a change of +0.6% from the prior-year quarter [2] - Expected 'Net sales- Outdoor and Recreation' is $197.86 million, indicating a decline of -14.3% year-over-year [2] - Average prediction for 'Net sales- Home and Commercial Solutions' is $1.07 billion, reflecting a decrease of -5% from the prior-year quarter [2] Stock Performance - Over the past month, shares of Newell Brands have returned +6.5%, outperforming the Zacks S&P 500 composite's +2.8% change [2] - Newell Brands currently holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [2]