Stanley Black & Decker (SWK - Free Report) reported $3.95 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 4%. EPS of $1.05 for the same period compares to $0.76 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.02 billion, representing a surprise of -1.63%. The company delivered an EPS surprise of +25.00%, with the consensus EPS estimate being $0.84.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: $3.36 billion versus the three-analyst average estimate of $3.40 billion. The reported number represents a year-over-year change of -4%.
- Net Sales- Industrial: $598.60 million versus $600.76 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -4.2% change.
- Operating profit- Tools & Outdoor- Normalized: $312.80 million versus $253.87 million estimated by three analysts on average.
- Operating profit- Corporate overhead- Normalized: -$57.90 million versus -$56.34 million estimated by three analysts on average.
- Operating profit- Industrial- Normalized: $73 million compared to the $89.49 million average estimate based on three analysts.
View all Key Company Metrics for Stanley Black & Decker here>>>Shares of Stanley Black & Decker have returned -7.8% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Stanley Black & Decker (SWK - Free Report) reported $3.95 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 4%. EPS of $1.05 for the same period compares to $0.76 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.02 billion, representing a surprise of -1.63%. The company delivered an EPS surprise of +25.00%, with the consensus EPS estimate being $0.84.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: $3.36 billion versus the three-analyst average estimate of $3.40 billion. The reported number represents a year-over-year change of -4%.
- Net Sales- Industrial: $598.60 million versus $600.76 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -4.2% change.
- Operating profit- Tools & Outdoor- Normalized: $312.80 million versus $253.87 million estimated by three analysts on average.
- Operating profit- Corporate overhead- Normalized: -$57.90 million versus -$56.34 million estimated by three analysts on average.
- Operating profit- Industrial- Normalized: $73 million compared to the $89.49 million average estimate based on three analysts.
View all Key Company Metrics for Stanley Black & Decker here>>>Shares of Stanley Black & Decker have returned -7.8% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on SWK - FREE