Newell Rubbermaid Earnings: Here’s Why Shares are Up Now

Newell Rubbermaid Inc. (NYSE:NWL) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.15%.

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Newell Rubbermaid Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 6.06% to $0.35 in the quarter versus EPS of $0.33 in the year-earlier quarter.

Revenue: Decreased 6.86% to $1.24 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Newell Rubbermaid Inc. reported adjusted EPS income of $0.35 per share. By that measure, the company beat the mean analyst estimate of $0.32. It missed the average revenue estimate of $1.32 billion.

Quoting Management: “We’ve had a good start to the year and made further progress driving the Growth Game Plan into action,” said President and Chief Executive Officer Michael Polk. “Underlying financial results on our continuing business were solid, with particularly strong performances from our Commercial Products, Tools and Baby & Parenting operating segments. Core sales grew 2.5 percent when adjusted for last year’s European SAP-related timing shift and normalized EPS grew 9.4 percent to $0.35.”

Key Stats (on next page)…

Revenue decreased 18.29% from $1.52 billion in the previous quarter. EPS decreased 18.6% from $0.43 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.50 to a profit $0.51. For the current year, the average estimate is a profit of $1.82, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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