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Fortune Brands Innovations (FBIN) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended September 2023, Fortune Brands Innovations (FBIN - Free Report) reported revenue of $1.26 billion, down 38.6% over the same period last year. EPS came in at $1.19, compared to $1.79 in the year-ago quarter.
The reported revenue represents a surprise of +1.18% over the Zacks Consensus Estimate of $1.25 billion. With the consensus EPS estimate being $1.07, the EPS surprise was +11.22%.
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 Fortune Brands Innovations performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Outdoors: $366.40 million compared to the $392.02 million average estimate based on three analysts.
Net Sales- Security: $206.80 million versus the three-analyst average estimate of $196.33 million.
Net Sales- Water: $688 million versus the three-analyst average estimate of $667.35 million. The reported number represents a year-over-year change of +8.3%.
Operating Income(loss) before charges/gains (Non-GAAP)- Water: $166.30 million compared to the $161.34 million average estimate based on three analysts.
Operating Income(loss) before charges/gains (Non-GAAP)- Outdoors: $54.30 million compared to the $64.39 million average estimate based on three analysts.
Operating Income(loss) Before Charges/Gains (Non-GAAP) - Security: $34.70 million compared to the $26.65 million average estimate based on three analysts.
Operating Income(loss) before charges/gains (Non-GAAP)- Total Corporate Expenses: -$35.40 million versus the two-analyst average estimate of -$33.90 million.
Shares of Fortune Brands Innovations have returned -7.4% over the past month versus the Zacks S&P 500 composite's -1.6% 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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Fortune Brands Innovations (FBIN) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended September 2023, Fortune Brands Innovations (FBIN - Free Report) reported revenue of $1.26 billion, down 38.6% over the same period last year. EPS came in at $1.19, compared to $1.79 in the year-ago quarter.
The reported revenue represents a surprise of +1.18% over the Zacks Consensus Estimate of $1.25 billion. With the consensus EPS estimate being $1.07, the EPS surprise was +11.22%.
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 Fortune Brands Innovations performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Outdoors: $366.40 million compared to the $392.02 million average estimate based on three analysts.
- Net Sales- Security: $206.80 million versus the three-analyst average estimate of $196.33 million.
- Net Sales- Water: $688 million versus the three-analyst average estimate of $667.35 million. The reported number represents a year-over-year change of +8.3%.
- Operating Income(loss) before charges/gains (Non-GAAP)- Water: $166.30 million compared to the $161.34 million average estimate based on three analysts.
- Operating Income(loss) before charges/gains (Non-GAAP)- Outdoors: $54.30 million compared to the $64.39 million average estimate based on three analysts.
- Operating Income(loss) Before Charges/Gains (Non-GAAP) - Security: $34.70 million compared to the $26.65 million average estimate based on three analysts.
- Operating Income(loss) before charges/gains (Non-GAAP)- Total Corporate Expenses: -$35.40 million versus the two-analyst average estimate of -$33.90 million.
View all Key Company Metrics for Fortune Brands Innovations here>>>Shares of Fortune Brands Innovations have returned -7.4% over the past month versus the Zacks S&P 500 composite's -1.6% 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.