Earnings Outlook For Fortune Brands
Portfolio Pulse from Benzinga Insights
Fortune Brands (NYSE:FBIN) is expected to release its quarterly earnings report on January 30, 2024. Analysts predict an EPS of $0.93. Investors are looking for an earnings beat and positive guidance for the next quarter. In the past, EPS beats and misses have influenced the stock price. Last quarter, FBIN beat the EPS estimate by $0.10, leading to a 1.23% stock price increase the following day. Over the last year, FBIN shares have risen by 23.35%, with the stock currently trading at $79.15.
January 29, 2024 | 3:01 pm
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POSITIVE IMPACT
Fortune Brands is anticipated to report quarterly earnings with an EPS estimate of $0.93. Positive past performance and a recent stock price increase suggest a bullish sentiment among investors.
Given the history of stock price increases following an earnings beat, and the overall positive performance over the last 52 weeks, there is a likelihood of a positive short-term impact on FBIN's stock price if the company reports a beat and provides favorable guidance. However, the market's reaction can be unpredictable and may also weigh heavily on the guidance provided for future quarters.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100