Newell Brands Inc. ($NWL) Stock Forecast: Up 7.4% Today

What is Newell Brands Inc.?

Newell Brands Inc. (NWL) is a consumer goods company known for its diverse product offerings across home goods, office supplies, and outdoor products. Today, NWL saw a significant uptrend in the market.

Why is Newell Brands Inc. going up?

NWL stock is up 7.4% on Oct 28, 2024 16:50

• NWL's stock surged following the release of its third-quarter financial results, which aligned with expectations, and an upward revision of its 2024 EPS forecast, highlighting encouraging growth prospects.
• Investor sentiment was buoyed by Newell Brands' ability to meet earnings projections and exhibit improvements in its financial performance.
• The uptick in share price could be linked to investors' confidence in NWL's capacity to tackle core sales challenges and capitalize on opportunities for future expansion.
• In general, market outlook towards Newell Brands appears positive, underpinned by the company's strategic financial choices and outlook for the forthcoming quarters.

NWL Price Chart

NWL Technical Analysis

NWL News

PROCEPT BioRobotics Posts Strong Q3 Earnings, Joins Monte Rosa Therapeutics, EyePoint Pharmaceuticals And Other Big Stocks Moving Higher On Monday - PROCEPT BioRobotics ( NASDAQ:PRCT )

U.S. stocks were higher, with the Dow Jones index gaining around 200 points on Monday. Shares of PROCEPT BioRobotics Corporation PRCT rose sharply during Monday's session after the company reported better-than-expected third-quarter financial results and raised its FY24 revenue guidance.

https://www.benzinga.com/news/earnings/24/10/41576730/procept-biorobotics-posts-strong-q3-earnings-joins-monte-rosa-therapeutics-eyepoint-pharmaceuticals

Newell Earnings Meet Estimates in Q3, Core Sales Decline 1.7% Y/Y

NWL reports a sales decline in third-quarter 2024, owing to a year-over-year core sales drop of 1.7%.

https://www.zacks.com/stock/news/2358081/newell-earnings-meet-estimates-in-q3-core-sales-decline-17-yy

Why Is Newell Brands ( NWL ) Stock Jumping Today? - Newell Brands ( NASDAQ:NWL )

Newell Brands Inc. NWL shares are trading higher after the company reported third-quarter financial results and raised its 2024 EPS guidance. The company reported adjusted earnings per share of 16 cents, in line with the street view.

https://www.benzinga.com/news/earnings/24/10/41550798/newell-brands-q3-earnings-margins-hit-highest-levels-since-2020-boosts-2024-eps-outlook-more

Newell Brands ( NWL ) Q3 Earnings Match Estimates

Newell Brands (NWL) delivered earnings and revenue surprises of 0% and 0.76%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2357512/newell-brands-nwl-q3-earnings-match-estimates

What Analyst Projections for Key Metrics Reveal About Newell Brands ( NWL ) Q3 Earnings

Get a deeper insight into the potential performance of Newell Brands (NWL) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

https://www.zacks.com/stock/news/2354653/what-analyst-projections-for-key-metrics-reveal-about-newell-brands-nwl-q3-earnings

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Newell Brands Inc. Price History

28.09.2024 - NWL Stock was up 7.4%

• NWL's stock surged following the release of its third-quarter financial results, which aligned with expectations, and an upward revision of its 2024 EPS forecast, highlighting encouraging growth prospects.
• Investor sentiment was buoyed by Newell Brands' ability to meet earnings projections and exhibit improvements in its financial performance.
• The uptick in share price could be linked to investors' confidence in NWL's capacity to tackle core sales challenges and capitalize on opportunities for future expansion.
• In general, market outlook towards Newell Brands appears positive, underpinned by the company's strategic financial choices and outlook for the forthcoming quarters.

28.09.2024 - NWL Stock was up 5.2%

• Newell Brands (NWL) announced third-quarter financial results in line with estimates and raised its 2024 EPS guidance, prompting increased investor confidence and a surge in the stock price.
• Despite a 1.7% year-over-year core sales decline, investors reacted positively to the company meeting earnings expectations and offering an optimistic outlook for future performance.
• The market's bullish response suggests a focus on the company's profitability and growth potential, evident in the adjusted earnings per share of 16 cents that met analysts' forecasts.
• Analyst outlooks and key metric analyses indicate market optimism regarding Newell Brands' capabilities to address challenges and deliver robust results in upcoming quarters, propelling the stock price upward.

27.07.2024 - NWL Stock was down 5.0%

• The bearish movement in NWL stock today could be attributed to the lack of significant market-moving news or developments from the company.
• The participation of Newell Brands' executives in the Barclays Global Consumer Staples Conference may not have provided any new insights or positive outlook for investors, leading to a negative sentiment.
• The sponsorship of Art Battle® by Sharpie, a brand under Newell Brands, while promoting creativity and community engagement, may not have directly impacted the company's financial performance, contributing to the bearish trend in the stock.

25.09.2024 - NWL Stock was up 19.3%

• Projections from analysts for important metrics point towards optimistic expectations for Newell Brands' Q3 earnings, potentially surpassing estimates from financial markets.
• This positive forecast regarding the company's financial performance likely bolstered investor trust and played a role in the stock's upward movement.
• Investors appear to be responding favorably to the possibility of Newell Brands outperforming expectations in key metrics, leading to a surge in the stock price during the latest trading session.

25.09.2024 - NWL Stock was up 22.6%

• NWL stock surged after the company reported its third-quarter financial results and raised its 2024 EPS guidance, indicating strong performance and positive outlook.
• The fact that the company's adjusted earnings per share met street expectations and even raised guidance suggests confidence in its ability to deliver solid results.
• Analyst projections for key metrics also seem to have contributed to the positive sentiment surrounding NWL, indicating a favorable outlook for the company's performance in the near future.

26.06.2024 - NWL Stock was up 37.8%

• NWL stock showed a significant upward movement today.
• Investors reacted favorably to Newell Brands exceeding earnings projections and raising its FY24 forecast despite a drop in revenue.
• The company outperformed analyst expectations with adjusted earnings per share reaching 36 cents compared to the consensus of 21 cents, boosting investor confidence.
• Despite the decrease in net sales and core sales, the better gross margin numbers contributed to the overall optimistic outlook for NWL stock.

26.06.2024 - NWL Stock was up 29.6%

• Strong second-quarter earnings results outpaced forecasts, driving the stock's surge.
• The company's CEO emphasized substantial advancements in its restructuring initiatives.
• Upbeat outlook from analysts at RBC Capital, pointing to growth opportunities through new product developments, further fueled the positive momentum.
• Overall market sentiment, characterized by recovering futures and robust performance in the tech sector, also buoyed NWL's upward trajectory.

26.06.2024 - NWL Stock was up 38.2%

• NWL stock showed a bullish trend after announcing its Q2 2024 financial results, surpassing sales expectations.
• The company's earnings exceeded analyst predictions by a significant margin, with adjusted earnings per share surpassing consensus.
• Despite a decrease in net sales, a rise in gross margin and an improved FY24 outlook boosted investor optimism.
• The general market recovery, particularly in small-cap and tech sectors, likely contributed to NWL's positive movement as investors displayed faith in the broader market's resurgence.

30.06.2024 - NWL Stock was down 5.2%

• Newell Brands beat second quarter expectations and upgraded its full-year guidance, showing significant progress in its new corporate strategy. However, the stock still experienced a bearish movement, possibly due to soft core sales impacting overall market sentiment.
• Despite reporting earnings per share above analyst estimates, Newell Brands saw a decline in sales for the second quarter of 2024, which may have contributed to the bearish movement in the stock.
• The miss in revenue for Q2 2024 compared to analyst estimates could have led to investor disappointment, resulting in the bearish market movement for Newell Brands today.
• Overall, the mixed results of beating EPS but missing revenue expectations likely caused uncertainty among investors, leading to the bearish movement in NWL stock.

13.07.2024 - NWL Stock was up 5.2%

• Declared a quarterly cash dividend of $0.07 per share, attracting income-seeking investors to the stock.
• Reduced dependence on China by shifting some production to Tennessee amid tariff tensions, boosting investor confidence in the stock's resilience to geopolitical uncertainties.
• Strategic move to diversify production locations could lead to cost savings and operational efficiencies, potentially improving the company's bottom line and driving positive sentiment among investors.

07.07.2024 - NWL Stock was down 5.2%

• NWL stock experienced a bearish movement as the company announced plans to reduce its dependence on China by relocating some manufacturing to Tennessee.
• The decision to shift production out of China amid tariff tensions with the US may have raised concerns among investors about potential disruptions and increased costs.
• The market's reaction suggests that investors are closely monitoring how Newell Brands navigates the changing trade dynamics and its impact on the company's operations and profitability.

15.07.2024 - NWL Stock was up 5.2%

• NWL stock displayed notable upward movement despite recent obstacles.
• Over the last three months, the stock faced a 22% decrease attributed to macroeconomic hurdles and sales difficulties.
• The announcement of a $0.07 per share quarterly dividend likely contributed to enhanced investor confidence in the company's future.
• Investors seem hopeful for a potential stock recovery as Newell Brands Inc. addresses existing economic challenges and focuses on enhancing its sales performance.