Newell Brands Guides Q3 Adj EPS 18c-20c, Below Consensus
NWL sits 68% above its 52-week low of $3.07.
Summary
Newell Brands issued Q3 adjusted EPS guidance of 18c to 20c, a range that likely falls short of Street expectations given the stock's $5.17 price and a $2.2B market cap. The company also sees Q3 sales up 2%-3%. The guidance implies continued margin pressure or softer demand in the core home and commercial segments. This is the first concrete forward-looking number from management in months, making it a key data point for traders assessing whether the restructuring is gaining traction. Watch for management commentary on the earnings call to clarify the drivers behind the range.
At the time of this announcement, NWL was trading at $5.17 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $2.2B. The 52-week trading range was $3.07 to $6.64. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.