Newell Brands Inc (NASDAQ: NWL) has reported E.P.S. of $-0.02 for its first fiscal quarter (ending March 31) versus $-0.25 for the same period a year ago. Relative to the consensus estimate of $-0.01, this was a shortfall of $-0.00. For the latest four quarters through March 31, E.P.S. were $-0.72 compared to $-0.32 a year ago.
Recent Price Action
Newell Brands Inc (NASDAQ: NWL) stock closed at $7.79 on 4/26/24 after a major increase of 12.2%. Moreover, this advance was accompanied by unusually high trading volume at 179% of normal. The stock has risen 12.7% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
NWL is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Newell Brands has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Newell Brands has a neutral Appreciation Score of 52 but a poor Power Rating of 16, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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