Newell Brands Second Quarter 2024 Earnings: EPS Misses Expectations
Newell Brands (NASDAQ:NWL) Second Quarter 2024 Results
Key Financial Results
Revenue: US$2.03b (down 7.8% from 2Q 2023).
Net income: US$45.0m (up 150% from 2Q 2023).
Profit margin: 2.2% (up from 0.8% in 2Q 2023).
EPS: US$0.11 (up from US$0.043 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Newell Brands EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 46%.
Looking ahead, revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Consumer Durables industry in the US.
Performance of the American Consumer Durables industry.
The company's shares are up 39% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Newell Brands has 3 warning signs we think you should be aware of.
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