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Stanley Black & Decker (SWK) Reports Q2 Earnings: What Key Metrics Have to Say
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Stanley Black & Decker (SWK - Free Report) reported $4.02 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.2%. EPS of $1.09 for the same period compares to -$0.11 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.01 billion, representing a surprise of +0.37%. The company delivered an EPS surprise of +28.24%, with the consensus EPS estimate being $0.85.
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.
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: $3.53 billion compared to the $3.48 billion average estimate based on three analysts. The reported number represents a change of -0.4% year over year.
Net Sales- Industrial: $495.70 million compared to the $527.64 million average estimate based on three analysts. The reported number represents a change of -19.6% year over year.
Operating profit- Tools & Outdoor- Normalized: $368.70 million versus the three-analyst average estimate of $330.10 million.
Operating profit- Corporate overhead- Normalized: -$62.10 million versus -$61.60 million estimated by three analysts on average.
Operating profit- Industrial- Normalized: $67.10 million compared to the $62.71 million average estimate based on three analysts.
Shares of Stanley Black & Decker have returned +24% over the past month versus the Zacks S&P 500 composite's +0.1% 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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Stanley Black & Decker (SWK) Reports Q2 Earnings: What Key Metrics Have to Say
Stanley Black & Decker (SWK - Free Report) reported $4.02 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.2%. EPS of $1.09 for the same period compares to -$0.11 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $4.01 billion, representing a surprise of +0.37%. The company delivered an EPS surprise of +28.24%, with the consensus EPS estimate being $0.85.
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.
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: $3.53 billion compared to the $3.48 billion average estimate based on three analysts. The reported number represents a change of -0.4% year over year.
- Net Sales- Industrial: $495.70 million compared to the $527.64 million average estimate based on three analysts. The reported number represents a change of -19.6% year over year.
- Operating profit- Tools & Outdoor- Normalized: $368.70 million versus the three-analyst average estimate of $330.10 million.
- Operating profit- Corporate overhead- Normalized: -$62.10 million versus -$61.60 million estimated by three analysts on average.
- Operating profit- Industrial- Normalized: $67.10 million compared to the $62.71 million average estimate based on three analysts.
View all Key Company Metrics for Stanley Black & Decker here>>>Shares of Stanley Black & Decker have returned +24% over the past month versus the Zacks S&P 500 composite's +0.1% 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.