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

The upcoming report from Newell Brands (NWL) is expected to reveal quarterly earnings of $0.16 per share, indicating a decline of 59% compared to the year-ago period. Analysts forecast revenues of $1.96 billion, representing a decrease of 4.3% year over year.The current level reflects an upward revision of 1.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.In light of this perspective, let's dive into the average estimates of certain Newell Brands metrics that are commonly tracked and forecasted by Wall Street analysts.The consensus among analysts is that 'Net sales- Learning and Development' will reach $697.85 million. The estimate indicates a change of +0.6% from the prior-year quarter.Analysts expect 'Net sales- Outdoor and Recreation' to come in at $197.86 million. The estimate suggests a change of -14.3% year over year.The average prediction of analysts places 'Net sales- Home and Commercial Solutions' at $1.07 billion. The estimate indicates a change of -5% from the prior-year quarter.View all Key Company Metrics for Newell Brands here>>>Over the past month, shares of Newell Brands have returned +6.5% versus the Zacks S&P 500 composite's +2.8% change. Currently, NWL carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Infrastructure Stock Boom to Sweep AmericaA massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.The only question is “Will you get into the right stocks early when their growth potential is greatest?”Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How To Profit From Trillions On Spending For Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Newell Brands Inc. (NWL): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks