Stanley Black & Decker (SWK) Tops Q1 Earnings, Sales

Shutterstock photo

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 $23.8 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 past four quarters, the company delivered better-than-expected results, with an average positive earnings surprise of 4.28%. In the last quarter, the company's earnings of $2.18 per share exceeded the Zacks Consensus Estimate by 1.87%.

Stanley Black & Decker, Inc. Price and EPS Surprise

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

Currently, Stanley Black & Decker carries a Zacks Rank #4 (Sell), 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 $1.39 per share in first-quarter 2018. The bottom line result was above the Zacks Consensus Estimate of $1.35 per share.

Revenue: Revenues surpassed. Stanley Black & Decker generated revenues of $3,209.3 million in the first quarter. The result came in above the Zacks Consensus Estimate of roughly $3.1 billion.

Key Stats to Note: For 2018, Stanley Black & Decker anticipates adjusted earnings to be within $8.30-$8.50 per share range. Organic revenue will likely grow by 5%.

Stock Price: Stanley Black & Decker shares were down roughly 1.8% ahead of the report.

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

Wall Street's Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It's a once-in-a-generation opportunity to invest in pure genius.

Click for details >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Stanley Black & Decker, Inc. (SWK): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

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

More from Zacks.com




Equity Research

Research Brokers before you trade

Want to trade FX?