Although the revenue and EPS for Fortune Brands Innovations (FBIN) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Fortune Brands Innovations (FBIN) came out with quarterly earnings of $0.66 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.83 per share a year ago.
Fortune Brands Innovations (FBIN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
I downgrade Fortune Brands Innovations stock from buy to hold due to poor 4Q24 performance and uncertain US macro outlook impacting near-term recovery prospects. FBIN's revenue declined 5% y/y in 4Q24, with all segments underperforming and adj EPS missing estimates, leading to weak FY25 guidance. Despite strong growth in connected products, FBIN's core businesses struggle, and macroeconomic factors like high mortgage rates and inflation pose significant risks.
Fortune Brands Innovations, Inc. (NYSE:FBIN ) Q4 2024 Results Earnings Conference Call February 6, 2025 5:00 PM ET Company Participants Leigh Avsec - Executive Vice President, External Affairs and Chief of Staff Nicholas Fink - Chief Executive Officer David Barry - Executive Vice President, Chief Financial Officer, President of Security and Connected Products Conference Call Participants Susan Maklari - Goldman Sachs Matthew Bouley - Barclays Capital Michael Rehaut - J.P. Morgan Adam Baumgarten - Zelman & Associates John Lovallo - UBS Operator Good afternoon, everyone.
Although the revenue and EPS for Fortune Brands Innovations (FBIN) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Fortune Brands Innovations (FBIN) came out with quarterly earnings of $0.98 per share, missing the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $0.95 per share a year ago.
FBIN's Q4 results are likely to reflect a declining sales trend due to softer residential & remodeling markets and a prolonged downturn in China. Yet, its margin resilience and digital expansion bode well.
Beyond analysts' top -and-bottom-line estimates for Fortune Brands Innovations (FBIN), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
The consensus price target hints at a 25.4% upside potential for Fortune Brands Innovations (FBIN). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Investors looking for stocks in the Retail - Home Furnishings sector might want to consider either Fortune Brands Innovations (FBIN) or Williams-Sonoma (WSM). But which of these two stocks offers value investors a better bang for their buck right now?
Fortune Brands Innovations (FBIN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.