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Spectrum (SPB) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2024, Spectrum Brands (SPB - Free Report) reported revenue of $779.4 million, up 6% over the same period last year. EPS came in at $1.10, compared to $0.75 in the year-ago quarter.
The reported revenue represents a surprise of +3.48% over the Zacks Consensus Estimate of $753.16 million. With the consensus EPS estimate being $1.35, the EPS surprise was -18.52%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 Spectrum performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Home & Personal Care (HPC)
: $286.20 million compared to the $271.06 million average estimate based on two analysts. The reported number represents a change of +3.5% year over year.
Net Sales- Home & Garden (H&G)
: $211 million versus the two-analyst average estimate of $203.42 million. The reported number represents a year-over-year change of +13.1%.
Net Sales- Global Pet Care (GPC)
: $282.20 million versus $277.63 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3.6% change.
Adjusted EBITDA- Global Pet Care (GPC)
: $56.70 million versus the two-analyst average estimate of $51.05 million.
Adjusted EBITDA- Corporate
: -$5.50 million versus the two-analyst average estimate of -$18.55 million.
Adjusted EBITDA- Home & Personal Care (HPC)
: $11.80 million versus the two-analyst average estimate of $28.93 million.
Adjusted EBITDA- Home & Garden (H&G)
: $43.30 million versus $27.31 million estimated by two analysts on average.
Shares of Spectrum have returned +0.7% over the past month versus the Zacks S&P 500 composite's -6.5% 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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Spectrum (SPB) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended June 2024, Spectrum Brands (SPB - Free Report) reported revenue of $779.4 million, up 6% over the same period last year. EPS came in at $1.10, compared to $0.75 in the year-ago quarter.
The reported revenue represents a surprise of +3.48% over the Zacks Consensus Estimate of $753.16 million. With the consensus EPS estimate being $1.35, the EPS surprise was -18.52%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 Spectrum performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Spectrum here>>>Net Sales- Home & Personal Care (HPC)
: $286.20 million compared to the $271.06 million average estimate based on two analysts. The reported number represents a change of +3.5% year over year.Net Sales- Home & Garden (H&G)
: $211 million versus the two-analyst average estimate of $203.42 million. The reported number represents a year-over-year change of +13.1%.Net Sales- Global Pet Care (GPC)
: $282.20 million versus $277.63 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3.6% change.Adjusted EBITDA- Global Pet Care (GPC)
: $56.70 million versus the two-analyst average estimate of $51.05 million.Adjusted EBITDA- Corporate
: -$5.50 million versus the two-analyst average estimate of -$18.55 million.Adjusted EBITDA- Home & Personal Care (HPC)
: $11.80 million versus the two-analyst average estimate of $28.93 million.Adjusted EBITDA- Home & Garden (H&G)
: $43.30 million versus $27.31 million estimated by two analysts on average.Shares of Spectrum have returned +0.7% over the past month versus the Zacks S&P 500 composite's -6.5% 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.