Newell Brands Analysts Cut Their Forecasts After Weak Earnings
NWL's significant misses on earnings and revenue set a negative market tone. Historically, similar earnings misses have led to sustained downward pressure on stock prices.
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NWL's significant misses on earnings and revenue set a negative market tone. Historically, similar earnings misses have led to sustained downward pressure on stock prices.
What happened, with direct paths to the underlying reporting
NWL's Q3 earnings missed estimates at 17 cents per share. Revenue declined 7.2% YoY, at $1.81 billion, below expectations. Q4 outlook projected EPS between 16-20 cents, missing consensus of 27 cents. Full-year guidance lowered for both EPS and sales outlook. Analysts revised price targets downwards post-earnings announcement.
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