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Gear Up for Spectrum (SPB) Q2 Earnings: Wall Street Estimates for Key Metrics
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Wall Street analysts expect Spectrum Brands (SPB - Free Report) to post quarterly earnings of $0.49 per share in its upcoming report, which indicates a year-over-year increase of 450%. Revenues are expected to be $708.23 million, down 2.9% from the year-ago quarter.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Spectrum metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Net Sales- Home & Personal Care (HPC)' to come in at $259.70 million. The estimate suggests a change of -7% year over year.
Based on the collective assessment of analysts, 'Net Sales- Home & Garden (H&G)' should arrive at $155.25 million. The estimate indicates a year-over-year change of +1.3%.
The consensus among analysts is that 'Net Sales- Global Pet Care (GPC)' will reach $290.80 million. The estimate points to a change of -2% from the year-ago quarter.
Shares of Spectrum have demonstrated returns of -0.9% over the past month compared to the Zacks S&P 500 composite's -1.6% change. With a Zacks Rank #3 (Hold), SPB is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Gear Up for Spectrum (SPB) Q2 Earnings: Wall Street Estimates for Key Metrics
Wall Street analysts expect Spectrum Brands (SPB - Free Report) to post quarterly earnings of $0.49 per share in its upcoming report, which indicates a year-over-year increase of 450%. Revenues are expected to be $708.23 million, down 2.9% from the year-ago quarter.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Spectrum metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Net Sales- Home & Personal Care (HPC)' to come in at $259.70 million. The estimate suggests a change of -7% year over year.
Based on the collective assessment of analysts, 'Net Sales- Home & Garden (H&G)' should arrive at $155.25 million. The estimate indicates a year-over-year change of +1.3%.
The consensus among analysts is that 'Net Sales- Global Pet Care (GPC)' will reach $290.80 million. The estimate points to a change of -2% from the year-ago quarter.
View all Key Company Metrics for Spectrum here>>>
Shares of Spectrum have demonstrated returns of -0.9% over the past month compared to the Zacks S&P 500 composite's -1.6% change. With a Zacks Rank #3 (Hold), SPB is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>