SWK Stock Recent News

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.

Evaluate the expected performance of Stanley Black & Decker (SWK) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Stanley Black & Decker (SWK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Stanley Black (SWK) is likely to benefit from the recovery in aerospace and auto end markets, divestiture of non-core assets and shareholder-friendly policies. Lower consumer outdoor and do-it-yourself ("DIY") market demand remains a concern.