Newell Brands Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Newell Brands Inc. (NWL) is set to release its Q4 earnings on Feb. 9, 2024, with analysts predicting an EPS of 17 cents, up from last year's 16 cents, and revenue of $1.98 billion, down from $2.29 billion. The company announced a 7% reduction in office roles as part of an organizational realignment. Shares rose 6.7% to $8.45. Analysts from Barclays, JP Morgan, Morgan Stanley, and Raymond James have updated their ratings and price targets for NWL.

February 09, 2024 | 8:11 am
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NEUTRAL IMPACT
Newell Brands is anticipated to report improved quarterly earnings but lower revenue year-over-year. The company's organizational realignment and job cuts may impact investor sentiment.
The mixed earnings forecast with a slight increase in EPS but a decrease in revenue suggests a neutral short-term impact on NWL's stock price. The organizational realignment and job cuts indicate a strategic shift that could either concern or reassure investors, depending on execution and future performance outlooks. The recent share price increase reflects positive short-term sentiment, but the detailed analyst adjustments highlight a cautious outlook.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100