For the quarter ended December 2022, Stanley Black & Decker (SWK - Free Report) reported revenue of $3.99 billion, down 2% over the same period last year. EPS came in at -$0.10, compared to $2.14 in the year-ago quarter.
The reported revenue represents a surprise of +3.29% over the Zacks Consensus Estimate of $3.86 billion. With the consensus EPS estimate being -$0.33, the EPS surprise was +69.7%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Stanley Black & Decker performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales-Tools & Outdoor: $3.38 billion compared to the $3.33 billion average estimate based on four analysts. The reported number represents a change of +0.3% year over year.
- Net sales-Industrial: $603.90 million compared to the $624.86 million average estimate based on four analysts. The reported number represents a change of -1% year over year.
- Operating profit - Tools & Outdoor (Normalized): $33.20 million versus the three-analyst average estimate of $42.66 million.
- Operating profit-Corporate overhead-Normalized: -$54.80 million versus -$54.17 million estimated by three analysts on average.
- Operating profit-Industrial-Normalized: $69.60 million versus $69.46 million estimated by three analysts on average.
View all Key Company Metrics for Stanley Black & Decker here>>>
Shares of Stanley Black & Decker have returned +16% over the past month versus the Zacks S&P 500 composite's +7.4% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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For the quarter ended December 2022, Stanley Black & Decker (SWK - Free Report) reported revenue of $3.99 billion, down 2% over the same period last year. EPS came in at -$0.10, compared to $2.14 in the year-ago quarter.
The reported revenue represents a surprise of +3.29% over the Zacks Consensus Estimate of $3.86 billion. With the consensus EPS estimate being -$0.33, the EPS surprise was +69.7%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Stanley Black & Decker performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Stanley Black & Decker here>>>
Shares of Stanley Black & Decker have returned +16% over the past month versus the Zacks S&P 500 composite's +7.4% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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