Newell Brands (NWL) Tops Q4 EPS by 5c, provides guidance
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February 12, 2024 5:22 AM EST
Deutsche Bank analyst Steve Powers raised the price target on Newell Rubbermaid (NASDAQ: NWL) to $7.00 (from $6.00) while maintaining a Hold rating.
The analyst comments "NWL shares meaningfully underperformed the market today (~-18.9% vs. S&P +0.6%) on the back of mixed 4Q23 results1 and disappointing FY24 guidance amid persistent top-line challenges. On the top line, NWL expects another year of core sales declines (-6% to -3%), given a more... More
February 12, 2024 3:58 AM EST
Citi analyst Filippo Falorni lowered the price target on Newell Rubbermaid (NASDAQ: NWL) to $7.50 (from $9.00) while maintaining a Neutral rating.
The analyst comments "NWL 4Q23 results were better-than-expected with core sales -9.3% and EPS $0.22 beating consensus $0.17. However, the stock was down a large -18% as 2024... More
February 9, 2024 12:02 PM EST
Newell Brands (NASDAQ: NWL) shares plunged 16% Friday on the back of its latest quarterly results, which saw sales fall despite topping consensus expectations.
The company reported fourth-quarter earnings of $0.22, $0.05 better than the analyst estimate of $0.17. At the same time, revenue for the quarter came... More
