Stock Analysis
- United States
- /
- Household Products
- /
- NYSE:SPB
Spectrum Brands Holdings Second Quarter 2024 Earnings: Beats Expectations
Spectrum Brands Holdings (NYSE:SPB) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$718.5m (down 1.5% from 2Q 2023).
- Net income: US$50.1m (up from US$75.1m loss in 2Q 2023).
- Profit margin: 7.0% (up from net loss in 2Q 2023).
- EPS: US$1.66 (up from US$1.83 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Spectrum Brands Holdings Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 174%.
Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Household Products industry in the US.
Performance of the American Household Products industry.
The company's shares are up 14% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Spectrum Brands Holdings that you should be aware of.
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About NYSE:SPB
Spectrum Brands Holdings
Operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions.
Undervalued with excellent balance sheet.