Stanley Black & Decker, Inc. (SWK – Free Report) is a leading global manufacturer of branded tools and engineered solutions for professional, industrial and consumer applications. Also, the company provides integrated access and security solutions to commercial, institutional and residential customers. This New Britain, CT-based company has a $23.8 billion market capitalization.
However, Stanley Black & Decker’s exposure to headwinds including uncertain global economic conditions, unfavorable foreign currency movements, commodity inflation, industry rivalry and high debt levels remain major causes of concern. Investors are eagerly waiting for the company’s latest earnings report.
In the past four quarters, the company delivered better-than-expected results, with an average positive earnings surprise of 4.28%. In the last quarter, the company’s earnings of $2.18 per share exceeded the Zacks Consensus Estimate by 1.87%.
Stanley Black & Decker, Inc. Price and EPS Surprise
Stanley Black & Decker, Inc. Price and EPS Surprise | Stanley Black & Decker, Inc. Quote
Currently, Stanley Black & Decker carries a Zacks Rank #4 (Sell), but that could definitely change after the release of its upcoming earnings report.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Stanley Black & Decker reported earnings of $1.39 per share in first-quarter 2018. The bottom line result was above the Zacks Consensus Estimate of $1.35 per share.
Revenue: Revenues surpassed. Stanley Black & Decker generated revenues of $3,209.3 million in the first quarter. The result came in above the Zacks Consensus Estimate of roughly $3.1 billion.
Key Stats to Note: For 2018, Stanley Black & Decker anticipates adjusted earnings to be within $8.30-$8.50 per share range. Organic revenue will likely grow by 5%.
Stock Price: Stanley Black & Decker shares were down roughly 1.8% ahead of the report.