Fortune Brands Innovations (FBIN) Beats Q2 Earnings and Revenue Estimates

Company Performance - Fortune Brands Innovations (FBIN) reported quarterly earnings of $1 per share, exceeding the Zacks Consensus Estimate of $0.98 per share, but down from $1.16 per share a year ago [1] - The quarterly earnings surprise was +2.04%, and the company had previously met expectations with earnings of $0.66 per share [2] - The company posted revenues of $1.2 billion for the quarter, surpassing the Zacks Consensus Estimate by 0.62%, but down from $1.24 billion year-over-year [3] Stock Performance - Fortune Brands Innovations shares have declined approximately 20.3% since the beginning of the year, contrasting with the S&P 500's gain of 8.2% [4] - The current Zacks Rank for the stock is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $1.12 on revenues of $1.15 billion, and for the current fiscal year, it is $3.78 on revenues of $4.49 billion [8] - The outlook for the Retail - Home Furnishings industry, where Fortune Brands operates, is currently in the top 39% of over 250 Zacks industries, suggesting a favorable environment for performance [9]