Newell Brands Inc.NWL came out with fourth-quarter 2017 results, wherein normalized earnings of 68 cents beat the Zacks Consensus Estimate by a penny. However, bottom line improved 15% year-over-year.
For 2018, continues management expects normalized earnings per share in a band of $2.65-$2.85 per share.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 has been stable in the past 7 days. Further, if we look at Newell's performance in the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 3%.
Revenues: Newell generated net sales of $ 3,743.1 million that dropped 9.5% year over year but surpassed the Zacks Consensus Estimate of $3,716 million. The decline in sales can mainly be attributed to the negative effect of acquisitions and divestitures. Moreover, core sales decreased 1.9%. Management anticipates 2018 net sales in the band of $14.4-$14.8 billion.
Newell Brands Inc. Price, Consensus and EPS Surprise
Newell Brands Inc. Price, Consensus and EPS Surprise | Newell Brands Inc. Quote
Zacks Rank: Currently, Newell carries a Zacks Rank #5 (Strong Sell) which is subject to change following the just released earnings results.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Check back later for our full write up on Newell Brand's earnings report!
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Newell Brands Inc. (NWL): Free Stock Analysis Report
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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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
