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Countdown to Spectrum (SPB) Q4 Earnings: Wall Street Forecasts for Key Metrics
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Wall Street analysts expect Spectrum Brands (SPB - Free Report) to post quarterly earnings of $0.83 per share in its upcoming report, which indicates a year-over-year decline of 68.2%. Revenues are expected to be $721.2 million, down 1.7% from the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Spectrum metrics that are commonly tracked and forecasted by Wall Street analysts.
It is projected by analysts that the 'Net Sales- Home & Personal Care (HPC)' will reach $296.03 million. The estimate suggests a change of -0.1% year over year.
Analysts expect 'Net Sales- Home & Garden (H&G)' to come in at $136.82 million. The estimate indicates a change of -1.7% from the prior-year quarter.
Analysts predict that the 'Net Sales- Global Pet Care (GPC)' will reach $299.85 million. The estimate suggests a change of +0.6% year over year.
Over the past month, Spectrum shares have recorded returns of +12% versus the Zacks S&P 500 composite's -5.6% change. Based on its Zacks Rank #4 (Sell), SPB will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
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Countdown to Spectrum (SPB) Q4 Earnings: Wall Street Forecasts for Key Metrics
Wall Street analysts expect Spectrum Brands (SPB - Free Report) to post quarterly earnings of $0.83 per share in its upcoming report, which indicates a year-over-year decline of 68.2%. Revenues are expected to be $721.2 million, down 1.7% from the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Spectrum metrics that are commonly tracked and forecasted by Wall Street analysts.
It is projected by analysts that the 'Net Sales- Home & Personal Care (HPC)' will reach $296.03 million. The estimate suggests a change of -0.1% year over year.
Analysts expect 'Net Sales- Home & Garden (H&G)' to come in at $136.82 million. The estimate indicates a change of -1.7% from the prior-year quarter.
Analysts predict that the 'Net Sales- Global Pet Care (GPC)' will reach $299.85 million. The estimate suggests a change of +0.6% year over year.
View all Key Company Metrics for Spectrum here>>>Over the past month, Spectrum shares have recorded returns of +12% versus the Zacks S&P 500 composite's -5.6% change. Based on its Zacks Rank #4 (Sell), SPB will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .