FMP
Spectrum Brands Reports Q4 Miss
Nov 21, 2022 9:15 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Image credit: FMP
Spectrum Brands (NYSE:SPB) reported its Q4 results on Friday, with EPS of $0.48 coming in worse than the Street estimate of $0.59. Revenue was $749.5 million, compared to the Street estimate of $787.73 million.
According to the analysts at Deutsche Bank, the company’s fundamentals are challenged. Furthermore, the prospects of the company winning its dispute with the DOJ over the HHI transaction appear to Deutsche Bank questionable.
The analysts think the company’s stock discounts those realities, and believe management’s below-consensus 2023 guidance embeds reasonable downside protections. The analysts cut the fiscal 2023 EBITDA forecast to $311 million, and their price target to $63 from $68.
Other Blogs
May 27, 2024 3:30 PM - Rajnish Katharotiya
The best 5 GPU stocks other than NVDA
In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...
Jun 10, 2024 3:46 AM - Parth Sanghvi
Fixed Costs vs Variable Costs: Understanding Cost Structures
Understanding the difference between fixed and variable costs is essential for managing a business’s finances. These costs form the foundation of any cost structure and play a critical role in pricing, budgeting, and profit margin analysis. In this guide, we will explore what fixed and variable cost...
Jul 10, 2024 2:34 AM - Parth Sanghvi
Capital Budgeting Techniques: NPV, IRR, and More - A Comprehensive Guide
Capital budgeting is a critical financial process that companies use to evaluate and select long-term investments or projects. It involves assessing potential expenditures and determining their profitability to ensure that resources are allocated effectively. This comprehensive guide covers essentia...
