Newell Brands Expects Q4 Revenue Of $1.96B - $2.03B Vs. $2.17B; Adj EPS Of $0.15 - $0.20 Vs. $0.44 Est.
Portfolio Pulse from Benzinga Newsdesk
Newell Brands has projected its Q4 revenue to be between $1.96B and $2.03B, which is lower than the estimated $2.17B. The company also expects its adjusted EPS to be between $0.15 and $0.20, compared to the estimated $0.44.
October 27, 2023 | 11:10 am
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NEGATIVE IMPACT
Newell Brands' lower than expected Q4 revenue and adjusted EPS projections may negatively impact its stock price.
Newell Brands' projected Q4 revenue and adjusted EPS are lower than the estimates. This indicates that the company's performance may not meet market expectations, which could lead to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100