Stanley Black & Decker Q4 Adj. EPS $0.92 Beats $0.79 Estimate, Sales $3.74B Miss $3.84B Estimate
Portfolio Pulse from Benzinga Newsdesk
Stanley Black & Decker reported Q4 adjusted EPS of $0.92, surpassing the $0.79 estimate, marking a 1020% increase from last year's losses. However, their sales of $3.74B fell short of the $3.84B estimate, a 6.27% decrease from the previous year.
February 01, 2024 | 11:04 am
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Stanley Black & Decker's Q4 earnings surpassed estimates with a significant increase from last year, but sales missed expectations and showed a decline from the previous year.
The positive earnings surprise could provide a short-term boost to SWK's stock price due to the significant year-over-year improvement. However, the miss on sales estimates and the year-over-year decline in sales could temper investor enthusiasm, leading to a neutral short-term impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100