Spectrum Brands(US:SPB) ZACKSยท2024-11-08 16:02Core Viewpoint - Spectrum Brands (SPB) is anticipated to report a year-over-year decline in earnings due to lower revenues for the quarter ended September 2024, with the consensus outlook indicating a significant impact on its near-term stock price depending on actual results compared to estimates [1][2]. Earnings Expectations - The earnings report is scheduled for release on November 15, 2024, and could lead to a stock price increase if results exceed expectations, while missing estimates may result in a decline [2]. - The consensus estimate for quarterly earnings is $1.13 per share, reflecting a year-over-year decrease of 16.9%, with expected revenues of $740.06 million, down 0.1% from the previous year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 3.13%, indicating a reassessment by analysts [4]. - The Zacks Earnings ESP model shows that the Most Accurate Estimate for Spectrum is higher than the consensus estimate, resulting in a positive Earnings ESP of +10.13%, although the stock has a Zacks Rank of 4, complicating predictions of an earnings beat [10]. Earnings Surprise History - In the last reported quarter, Spectrum was expected to post earnings of $1.35 per share but only achieved $1.10, resulting in a surprise of -18.52% [11]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [12]. Industry Comparison - Another player in the consumer products industry, Honest (HNST), is expected to report earnings of $0.03 per share for the same quarter, indicating a year-over-year increase of 66.7%, with revenues projected at $92.82 million, up 7.7% [16]. - Honest has a higher Most Accurate Estimate leading to an Earnings ESP of 69.23%, combined with a Zacks Rank of 3, suggesting a likely earnings beat [17].