For the quarter ended December 2022, Stanley Black & Decker (SWK) reported revenue of $3.99 billion, down 2% over the same period last year. EPS came in at -$0.10, compared to $2.14 in the year-ago quarter.
The reported revenue represents a surprise of +3.29% over the Zacks Consensus Estimate of $3.86 billion. With the consensus EPS estimate being -$0.33, the EPS surprise was +69.7%.
While investors closely watch year-over-year changes in headline numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company’s underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance.
Here is how Stanley Black & Decker performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales-Tools & Outdoor: $3.38 billion compared to the $3.33 billion average estimate based on four analysts. The reported number represents a change of +0.3% year over year.
- Net sales-Industrial: $603.90 million compared to the $624.86 million average estimate based on four analysts. The reported number represents a change of -1% year over year.
- Operating profit – Tools & Outdoor (Normalized): $33.20 million versus the three-analyst average estimate of $42.66 million.
- Operating profit-Corporate overhead-Normalized: -$54.80 million versus -$54.17 million estimated by three analysts on average.
- Operating profit-Industrial-Normalized: $69.60 million versus $69.46 million estimated by three analysts on average.
View all Key Company Metrics for Stanley Black & Decker here>>>
Shares of Stanley Black & Decker have returned +16% over the past month versus the Zacks S&P 500 composite’s +7.4% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
Just Released: Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023?
From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks.
Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.