Newell Brands Q2 EPS Crushes Estimates at $0.42, Raises Full-Year Outlook
NWL sits 92% above its 52-week low of $3.07.
Summary
Newell Brands delivered a massive Q2 earnings beat with normalized EPS of $0.42, more than double the $0.20 consensus, driven by $126 million in IEEPA tariff recoveries and improved margins. Sales of $1.99 billion slightly exceeded expectations. Management raised its full-year 2026 outlook, now projecting 1-2% sales growth and normalized EPS of $0.73-$0.77, signaling confidence in sustained momentum. This follows earlier Q3 guidance of 18-20 cents, which had disappointed, but the strong Q2 results and raised annual forecast shift the narrative. The stock, trading at 8 times forward earnings, may re-rate as the beat challenges the prevailing hold rating and $4.75 median price target. Shares surged 13% following the announcement.
At the time of this announcement, NWL was trading at $5.88 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 positive market sentiment and an importance score of 8 out of 10. Source: Reuters.