Newell Brands Q4 Adj. EPS $0.22 Beats $0.17 Estimate, Sales $2.08B Beat $1.98B Estimate
Portfolio Pulse from Benzinga Newsdesk
Newell Brands (NWL) reported Q4 adjusted earnings of $0.22 per share, surpassing the $0.17 estimate, a 37.5% increase from last year. Sales reached $2.08B, beating the $1.98B estimate but marking a 9.15% decrease from the previous year.
February 09, 2024 | 12:01 pm
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POSITIVE IMPACT
Newell Brands reported higher-than-expected Q4 earnings and sales, with EPS at $0.22 and sales at $2.08B, outperforming estimates.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant outperformance in earnings (29.41% above estimates) and the beat in sales forecasts, despite a year-over-year decrease, indicate strong operational efficiency and market resilience. This positive news is likely to boost investor confidence in NWL, potentially leading to an uptick in its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100