Stanley Black & Decker (SWK) Beats Tops Q2 Earnings, Sales

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Stanley Black & Decker, Inc. SWK is a leading global manufacturer of branded tools and engineered solutions for professional, industrial and consumer applications. Also, the company provides integrated access and security solutions to commercial, institutional and residential customers. This New Britain, CT-based company has a $21.5 billion market capitalization.

However, Stanley Black & Decker's exposure to headwinds including uncertain global economic conditions, unfavorable foreign currency movements, commodity inflation, industry rivalry and high debt levels remain major causes of concern. Investors are eagerly waiting for the company's latest earnings report.

In the last four quarters, the company delivered better-than-expected results, with an average positive earnings surprise of 2.92%. In the last quarter, the company's earnings of $1.39 per share exceeded the Zacks Consensus Estimate by 2.96%.

Stanley Black & Decker, Inc. Price, Consensus and EPS Surprise

Stanley Black & Decker, Inc. Price, Consensus and EPS Surprise | Stanley Black & Decker, Inc. Quote

Currently, Stanley Black & Decker carries a Zacks Rank #3 (Hold), but that could definitely change after the release of its upcoming earnings report. You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here . We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: Stanley Black & Decker reported earnings of $2.57 per share in second-quarter 2018. The bottom line result was above the Zacks Consensus Estimate of $2.04 per share.

Revenue: Revenues surpassed. Stanley Black & Decker generated revenues of $3,643.6 million in the second quarter. The result came in above the Zacks Consensus Estimate of roughly $3,488 million.

Key Stats to Note: For 2018, Stanley Black & Decker maintained its adjusted earnings guidance at $8.30-$8.50 per share range. However, the company revised down its GAAP earnings per share guidance from $7.40-$7.60 to $7.00-$7.20.

Stock Price: Stanley Black & Decker shares were up roughly 1% ahead of the report.

Check back our full write up on this SWK earnings report later!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Earnings , Investing Ideas , Stocks
Referenced Symbols: SWK

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