Brokerages expect that Newell Brands Inc. (NYSE:NWL – Get Rating) will announce sales of $2.57 billion for the current quarter, according to Zacks. Six analysts have made estimates for Newell Brands’ earnings. The lowest sales estimate is $2.55 billion and the highest is $2.59 billion. Newell Brands reported sales of $2.71 billion in the same quarter last year, which indicates a negative year over year growth rate of 5.2%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Newell Brands will report full-year sales of $10.18 billion for the current financial year, with estimates ranging from $10.08 billion to $10.26 billion. For the next year, analysts forecast that the business will report sales of $10.31 billion, with estimates ranging from $10.22 billion to $10.48 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Newell Brands.
Newell Brands (NYSE:NWL – Get Rating) last released its quarterly earnings results on Friday, April 29th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.09. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.27 billion.
Separately, StockNews.com upgraded Newell Brands from a “hold” rating to a “buy” rating in a research report on Monday, May 23rd.
Shares of Newell Brands stock opened at $21.12 on Friday. Newell Brands has a one year low of $18.67 and a one year high of $28.56. The company’s 50-day simple moving average is $22.08.
About Newell Brands (Get Rating)
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. It operates in five segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions; closet and garage organization products; hygiene systems and material handling solutions; and home and security, and smoke and carbon monoxide alarms products under the BRK, First Alert, Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands.
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