Why Newell (NWL) Is Poised To Beat Earnings Estimates In Q4
Zacks Investment Research | Feb 10, 2019 09:37PM ET
Newell Brands Inc. (NASDAQ:NWL) is slated to report fourth-quarter 2018 results on Feb 15, before the opening bell. A glimpse of the company’s earnings performance shows that it has outpaced estimates in the trailing four quarters, delivering average positive earnings surprise of 36.3%.
However, the Zacks Consensus Estimate for earnings of 41 cents for the fourth quarter mirrors a decline of 39.7% from 68 cents registered in the year-ago quarter. Notably, the consensus mark has remained unchanged in the past 30 days. Let’s find out what is in store for Newell in the upcoming earnings release.
Newell Brands Inc. Price and EPS Surprise
industry ’s growth of 0.3%. This reflects a positive sentiment on the stock ahead of earnings.
Zacks Model
Our proven model conclusively shows that Newell is likely to beat earnings estimates this quarter. This is because a stock needs to have both — a positive Zacks Investment Research
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