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NEW BRITAIN, Conn. , March 26, 2024 /PRNewswire/ -- Stanley Black & DeckerĀ (NYSE: SWK) will broadcast its first quarter 2024 earnings webcast on Thursday, May 2, 2024.
Strength in the engineered fastening business, driven by solid demand in aerospace and auto end markets, is aiding Stanley Black (SWK).
Both companies face stagnant sales in 2024, but both are restructuring for future growth. There's nothing wrong with their end marks that lower interest rates won't fix.
Stanley Black & Decker: This Dividend King Is In The Buy Zone Now
Weakness in the Tools & Outdoor unit due to lower consumer outdoor and DIY market demand weighs on Stanley Black's (SWK) top line in the fourth quarter of 2023. However, lower costs drive the bottom line.
The headline numbers for Stanley Black & Decker (SWK) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Stanley Black & Decker (SWK) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to loss of $0.10 per share a year ago.
Stanley Black & Decker (SWK) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Stanley Black's (SWK) fourth-quarter 2023 results are likely to benefit from strength in its Industrial segment, driven by solid momentum in the Engineered Fastening business.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.