S&P 500 (NYSE:SPY) component Newell Rubbermaid, Inc. (NYSE:NWL) will unveil its latest earnings on Friday, July 29, 2011. Newell Rubbermaid Inc. markets consumer and commercial products, including housewares, hardware and home furnishings.
Newell Rubbermaid, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 42 cents per share, a decline of 17.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 51 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 42 cents during the last month. For the year, analysts are projecting profit of $1.57 per share, a rise of 3.3% from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting net income of 30 cents per share against a mean estimate of profit of 28 cents per share.
Wall St. Revenue Expectations: On average, analysts predict $1.55 billion in revenue this quarter, a rise of 3.3% from the year ago quarter. Analysts are forecasting total revenue of $5.97 billion for the year, a rise of 3.6% from last year’s revenue of $5.76 billion.
Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.
A year-over-year revenue decrease in the first quarter snaps a streak of two consecutive quarters of revenue increases. Revenue fell 0.3% in the first quarter and rose 3.4% in the fourth quarter of the last fiscal year and 2.6% in the third quarter of the last fiscal year.
The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 2.8%. The quarter with the biggest boost was the most recent quarter, which saw a 29.6% surge.
Competitors to Watch: Jarden Corporation (NYSE:JAH), The Female Health Company (NASDAQ:FHCO), The Procter & Gamble Co. (NYSE:PG), Fortune Brands, Inc. (NYSE:FO), Carlisle Companies, Inc. (NYSE:CSL), The Clorox Company (NYSE:CLX), and Condomi AG (NYSE:CAG).
Stock Price Performance: During April 28, 2011 to July 25, 2011, the stock price had fallen $4.53 (-23.1%) from $19.64 to $15.11. The stock price saw one of its best stretches over the last year between December 13, 2010 and December 21, 2010 when shares rose for seven-straight days, rising 4.8% (+83 cents) over that span. It saw one of its worst periods between July 7, 2011 and July 14, 2011 when shares fell for six-straight days, falling 5.5% (-88 cents) over that span. Shares are down $2.94 (-16.3%) year to date.
(Source: Xignite Financials)