Stanley Black & Decker (SWK - Free Report) reported $4.16 billion in revenue for the quarter ended June 2023, representing a year-over-year decline of 5.3%. EPS of -$0.11 for the same period compares to $1.77 a year ago.
The reported revenue represents a surprise of +0.90% over the Zacks Consensus Estimate of $4.12 billion. With the consensus EPS estimate being -$0.38, the EPS surprise was +71.05%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: $3.54 billion versus $3.46 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -5.4% change.
- Net Sales- Industrial: $616.70 million compared to the $640.76 million average estimate based on four analysts. The reported number represents a change of -4.8% year over year.
- Operating profit- Tools & Outdoor- Normalized: $157.80 million compared to the $113.31 million average estimate based on four analysts.
- Operating profit- Corporate overhead- Normalized: -$66.30 million versus -$52.10 million estimated by four analysts on average.
- Operating profit- Industrial- Normalized: $80.10 million compared to the $72.64 million average estimate based on four analysts.
View all Key Company Metrics for Stanley Black & Decker here>>>Shares of Stanley Black & Decker have returned +7.3% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Stanley Black & Decker (SWK - Free Report) reported $4.16 billion in revenue for the quarter ended June 2023, representing a year-over-year decline of 5.3%. EPS of -$0.11 for the same period compares to $1.77 a year ago.
The reported revenue represents a surprise of +0.90% over the Zacks Consensus Estimate of $4.12 billion. With the consensus EPS estimate being -$0.38, the EPS surprise was +71.05%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: $3.54 billion versus $3.46 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -5.4% change.
- Net Sales- Industrial: $616.70 million compared to the $640.76 million average estimate based on four analysts. The reported number represents a change of -4.8% year over year.
- Operating profit- Tools & Outdoor- Normalized: $157.80 million compared to the $113.31 million average estimate based on four analysts.
- Operating profit- Corporate overhead- Normalized: -$66.30 million versus -$52.10 million estimated by four analysts on average.
- Operating profit- Industrial- Normalized: $80.10 million compared to the $72.64 million average estimate based on four analysts.
View all Key Company Metrics for Stanley Black & Decker here>>>Shares of Stanley Black & Decker have returned +7.3% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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