Spectrum Brands Holdings (NYSE: SPB ) is expected to report Q3 earnings on Aug. 6. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Spectrum Brands Holdings's revenues will expand 34.1% and EPS will wane -3.5%.
The average estimate for revenue is $1.11 billion. On the bottom line, the average EPS estimate is $1.09.
Last quarter, Spectrum Brands Holdings reported revenue of $987.8 million. GAAP reported sales were 32% higher than the prior-year quarter's $746.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
Last quarter, EPS came in at -$0.79. GAAP EPS were -$0.79 for Q2 versus -$0.56 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the preceding quarter, gross margin was 35.6%, 50 basis points better than the prior-year quarter. Operating margin was 9.9%, 90 basis points better than the prior-year quarter. Net margin was -4.2%, 40 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $4.10 billion. The average EPS estimate is $1.34.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 27 members out of 32 rating the stock outperform, and five members rating it underperform. Among 12 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 11 give Spectrum Brands Holdings a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Spectrum Brands Holdings is outperform, with an average price target of $53.00.
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