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
Zacks Rank: Currently, Newell carries a Zacks Rank #5 (Strong Sell) which is subject to change following the just released earnings results.
Check back later for our full write up on Newell Brand's earnings report!
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