Fortune Brands: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Fortune Brands (NYSE:FBIN) reported Q4 earnings with an EPS of $0.95, beating estimates by 2.15% and showing a revenue increase of $30 million from the previous year. The company has a history of surpassing EPS estimates, which has positively impacted its share price in the past.
January 30, 2024 | 9:15 pm
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Fortune Brands reported a positive earnings surprise with a 2.15% beat on EPS and a revenue increase from the previous year, indicating strong financial performance.
Historically, Fortune Brands has experienced a positive stock price movement following an earnings beat. Given the company's beat on EPS estimates and revenue growth, it is likely that the stock will experience a similar positive short-term impact. The historical data provided shows that the stock price increased by 1.23% the day after the last earnings beat, suggesting a pattern that could repeat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100