Newell Brands: A Speculative Upgrade After Shares Soar Higher
In the past, Newell Brands faced significant challenges, including inflation, supply chain issues, and weak consumer sentiment, but recent improvements justify upgrading the stock from a 'sell' to a 'hold'. Despite a revenue decline, Newell Brands saw profitability improvements, with adjusted earnings per share matching analysts' expectations, and operating cash flow showing positive trends. Management's restructuring initiatives, including Project Phoenix, have started to yield results, with notable reductions in net debt and inventory levels, indicating better financial stability.
Crude Oil Surges Over 2%; Newell Brands Shares Spike Higher
U.S. stocks traded mixed toward the end of trading, with the Dow Jones index falling around 200 points on Friday.
Newell Earnings Meet Estimates in Q3, Core Sales Decline 1.7% Y/Y
NWL reports a sales decline in third-quarter 2024, owing to a year-over-year core sales drop of 1.7%.
Rubbermaid Parent Newell Brands Stock Soars as It Says Turnaround Plan Working
Newell Brands (NWL) shares soared nearly 25% Friday afternoon as the maker of consumer products said its turnaround plan is "on track."
Newell Brands Inc. (NWL) Q3 2024 Earnings Call Transcript
Newell Brands Inc. (NASDAQ:NWL ) Q3 2024 Results Conference Call October 25, 2024 9:30 AM ET Company Participants Joanne Freiberger - Vice President of Investor Relations Chris Peterson - President and Chief Executive Officer Mark Erceg - Chief Financial Officer Conference Call Participants Olivia Tong - Raymond James Lauren Lieberman - Barclays Bill Chappell - Truist Securities Andrea Teixeira - JPMorgan Chris Carey - Wells Fargo Securities Brian McNamara - Canaccord Genuity Filippo Falorni - Citi Operator Good morning, and welcome to Newell Brands' Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Compared to Estimates, Newell Brands (NWL) Q3 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Newell Brands (NWL) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Newell Brands (NWL) Q3 Earnings Match Estimates
Newell Brands (NWL) came out with quarterly earnings of $0.16 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.39 per share a year ago.
What Analyst Projections for Key Metrics Reveal About Newell Brands (NWL) Q3 Earnings
Get a deeper insight into the potential performance of Newell Brands (NWL) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Newell's Q3 Earnings Coming Up: Here's What Lies Ahead for the Stock
NWL's third-quarter 2024 results are likely to reflect the impacts of a tough macroeconomic environment, including inflation.
Newell Brands: 2 Income Options To Enjoy Turnaround
Despite a revenue drop, Newell Brands improved gross profit and operating income, showing potential for earnings growth when revenues recover. The company's free cash flow supports debt reduction, with analysts confident in earnings growth, making the company appealing. Newell Brands' diversified products mitigate risk, but global supply chain and commodity price fluctuations remain critical concerns.
Newell (NWL) Stock Declines 22% in 3 Months: Can it Rebound?
Newell Brands Inc. NWL stock has been under pressure lately, with shares dropping as much as 21.5% in the past three months, while the broader Zacks Consumer Products – Staples industry has dipped 1.9%. The stock's current trading level is 36% below its 52-week high of $10.72.
Newell Q2 Earnings: Signs Of A Turnaround, But I Am Not Fully Convinced
Newell Brands reported Q2 '24 earnings, leading to a 40% increase in share price as investors anticipate a turnaround. Q2 numbers showed a decrease in top line but impressive margin improvements, leading to a raised full-year outlook for 2024. The company's focus on best-performing brands and operational efficiency, along with margin improvement strategies, are showing promising results for the future.
