Stanley Black & Decker Inc reports results for the quarter ended March 31 - Earnings Summary

• Stanley Black & Decker Inc SWK.N reported quarterly adjusted earnings of 75 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 56 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 66 cents per share. Wall Street expected results to range from 63 cents to 69 cents per share.

• Revenue fell 3.2% to $3.74 billion from a year ago; analysts expected $3.69 billion.

• Stanley Black & Decker Inc's reported EPS for the quarter was 60 cents​.

• The company reported quarterly net income of $90.4 million.

• Stanley Black & Decker Inc shares had fallen by 20.3% this quarter and lost 23.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 27.6% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 13 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is also "hold"

• Wall Street's median 12-month price target for Stanley Black & Decker Inc is $88.50

This summary was machine generated from LSEG data April 30 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)