Newell Brands Expects Q1 Revenue Decline Of 10% To 8%; Adj EPS Of $(0.09) to $(0.05) Vs. $0.02 Est.
Portfolio Pulse from Benzinga Newsdesk
Newell Brands forecasts a decline in Q1 revenue between 10% to 8% and anticipates adjusted EPS to range from $(0.09) to $(0.05), compared to the estimated $0.02.
February 09, 2024 | 12:04 pm
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Newell Brands anticipates a significant decline in Q1 revenue and a lower adjusted EPS than previously estimated.
The projected decline in revenue and the anticipated lower adjusted EPS than the market estimate suggest a negative short-term impact on Newell Brands' stock price. Investors typically react unfavorably to earnings and revenue forecasts that fall short of expectations, which can lead to a decrease in stock price.
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