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Insights Into Stanley Black & Decker (SWK) Q1: Wall Street Projections for Key Metrics
Analysts on Wall Street project that Stanley Black & Decker (SWK - Free Report) will announce quarterly earnings of $0.55 per share in its forthcoming report, representing an increase of 234.2% year over year. Revenues are projected to reach $3.82 billion, declining 2.8% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 4.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
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 typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Stanley Black & Decker metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Net Sales- Tools & Outdoor' should come in at $3.23 billion. The estimate indicates a change of -2.5% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Net Sales- Industrial' of $577.09 million. The estimate points to a change of -6.4% from the year-ago quarter.
Based on the collective assessment of analysts, 'Operating profit- Tools & Outdoor- Normalized' should arrive at $261.12 million. The estimate compares to the year-ago value of $97.90 million.
Analysts' assessment points toward 'Operating profit- Industrial- Normalized' reaching $59.30 million. The estimate compares to the year-ago value of $67.70 million.
View all Key Company Metrics for Stanley Black & Decker here>>>
Shares of Stanley Black & Decker have experienced a change of -4.7% in the past month compared to the -2.5% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), SWK 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 >>>>