Household products company Spectrum Brands (NYSE:SPB) will be reporting results tomorrow before market hours. Here's what you need to know.
Last quarter Spectrum Brands reported revenues of $740.7 million, down 1.2% year on year, in line with analyst expectations. It was a good quarter for the company, with an decent beat of analysts' revenue and non-GAAP EPS estimates.
Is Spectrum Brands buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Spectrum Brands's revenue to decline 5.6% year on year to $673.4 million, a further deceleration on the 5.8% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.39 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates five times over the last two years.
Looking at Spectrum Brands's peers in the household products segment, some of them have already reported Q1 earnings results, giving us a hint of what we can expect. Colgate-Palmolive (NYSE:CL) delivered top-line growth of 6.9% year on year, beating analyst estimates by 1.4% and Kimberly-Clark (NYSE:KMB) reported revenues up 0.1% year on year, missing analyst estimates by 0.5%. Colgate-Palmolive traded up 3.4% on the results, Kimberly-Clark was down 3.5%.
Read the full analysis of Colgate-Palmolive's and Kimberly-Clark's results on StockStory.
Investors in the household products segment have had steady hands going into the earnings, with the stocks down on average 0.2% over the last month. Spectrum Brands is up 0.6% during the same time, and is heading into the earnings with analyst price target of $84.1, compared to share price of $79.47.
The author has no position in any of the stocks mentioned.