Newell Rubbermaid Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Newell Rubbermaid, Inc. (NYSE:NWL) will unveil its latest earnings on Friday, October 28, 2011. Newell Rubbermaid 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 43 cents per share, a rise of 2.4% 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 47 cents. Between one and three months ago, the average estimate moved down. It has risen from 42 cents during the last month. For the year, analysts are projecting profit of $1.56 per share, a rise of 2.6% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 4 cents, coming in at net income of 46 cents a share versus the estimate of profit of 42 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $1.56 billion in revenue this quarter, a rise of 4.7% from the year ago quarter. Analysts are forecasting total revenue of $5.94 billion for the year, a rise of 3.1% from last year’s revenue of $5.76 billion.

Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the second quarter, profit rose 12.5% to $146.7 million (49 cents a share) from $130.4 million (41 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 5.1% to $1.57 billion from $1.5 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 29.6% in the first quarter and 24.9% in the fourth quarter of the last fiscal year.

Competitors to Watch: Jarden Corporation (NYSE:JAH), The Female Health Company (NASDAQ:FHCO), WES Consulting Inc (LUVU), The Procter & Gamble Co. (NYSE:PG), Fortune Brands, Inc. (NYSE:FO), Carlisle Companies, Inc. (NYSE:CSL), Katy Industries, Inc. (KATY), The Clorox Company (NYSE:CLX), and Condomi AG (NYSE:CAG).

Stock Price Performance: During September 26, 2011 to October 24, 2011, the stock price had risen $1.77 (15%) from $11.77 to $13.54. 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 September 14, 2011 and September 23, 2011 when shares fell for eight-straight days, falling 12.6% (-$1.65) over that span. Shares are down $4.40 (-24.5%) year to date.

(Source: Xignite Financials)

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