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Stanley Black & Decker (SWK) Beats Q3 Earnings, Sales
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Stanley Black & Decker Inc. (SWK - Free Report) 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 $24.2 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.
Stanley Black & Decker’s earnings track record has been impressive in the trailing four quarters. Better-than-expected results in all occasions led to an average earnings surprise of +4.27%.
Stanley Black & Decker, Inc. Price, Consensus and EPS Surprise
Currently, Stanley Black & Decker carries a Zacks Rank #2 (Buy), 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 $1.95 per share in third-quarter 2017. The bottom line result was above the Zacks Consensus Estimate of $1.87 per share.
Revenue: Revenues surpassed. Stanley Black & Decker generated revenues of $3,298.6 million in the third quarter. The result came in above the Zacks Consensus Estimate of $3.16 billion.
Key Stats to Note: For 2017, Stanley Black & Decker increased its earnings guidance range to $7.33-$7.43 per share from the previous projection of $7.18-$7.38 per share range. Organic revenue will likely grow by 6%.
Stock Price: Stanley Black & Decker shares were down 1.21% ahead of the report.
Check back our full write up on this SWK earnings report later!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Stanley Black & Decker (SWK) Beats Q3 Earnings, Sales
Stanley Black & Decker Inc. (SWK - Free Report) 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 $24.2 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.
Stanley Black & Decker’s earnings track record has been impressive in the trailing four quarters. Better-than-expected results in all occasions led to an average earnings surprise of +4.27%.
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 #2 (Buy), 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 $1.95 per share in third-quarter 2017. The bottom line result was above the Zacks Consensus Estimate of $1.87 per share.
Revenue: Revenues surpassed. Stanley Black & Decker generated revenues of $3,298.6 million in the third quarter. The result came in above the Zacks Consensus Estimate of $3.16 billion.
Key Stats to Note: For 2017, Stanley Black & Decker increased its earnings guidance range to $7.33-$7.43 per share from the previous projection of $7.18-$7.38 per share range. Organic revenue will likely grow by 6%.
Stock Price: Stanley Black & Decker shares were down 1.21% ahead of the report.
Check back our full write up on this SWK earnings report later!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>