Newell Rubbermaid Q4 Earnings Preview

Posted January 24, 2012

We Recommend...

Contribute to Citybizlist, Share Your News

Newell Rubbermaid markets consumer and commercial housewares, hardware, personal care and beauty, office supplies and technology products. The company is scheduled to report its fourth quarter earnings on Friday, January 27, 2012.

Expectations: The Wall Street consensus is that the company will report 38 cents per share, up 11.8% from a year ago when Newell Rubbermaid reported earnings of 34 cents per share. Analysts are projecting earnings of $1.57 per share for the fiscal year. Revenue is expected to surpass the year-earlier total of $1.47 billion by 2.1%, finishing at $1.5 billion for the quarter. The company is projected to report revenue of $5.87 billion for the fiscal year.

Performance: Newell Rubbermaid's loss in the last quarter followed profits in the previous three quarters. The company reported a loss of of $177.6 million in the third quarter, a profit of $146.7 million in the second quarter, a profit of $75.7 million in the first and a profit of $75.7 million in the fourth quarter of the last fiscal year. Revenue has been rising for the past two consecutive quarters. It rose 4.2% to $1.55 billion in third quarter. In the previous quarter, the figure rose 5.1%. The stock price has increased from $13.43 on October 26, 2011 to $17.19 over the past quarter. Newell Rubbermaid's worst recent stretch was when its stock price fell $1.94 per share between November 14, 2011 and November 23, 2011.

Ratings: Analysts are supportive of the stock, with 75% rating it a buy. Its nearest nine competitors only average 46.7% buys. Analysts' opinions about the stock have worsened recently, as buy ratings have dropped slightly over the last three months.

Earnings estimates provided by Zacks.

Newell Rubbermaid Inc.

To find out more about the company in this article and to see if you
have business connections, click below:

Newell Rubbermaid