Stanley Black & Decker Inc reports results for the quarter ended June 30 - Earnings Summary

• Stanley Black & Decker Inc SWK.N reported quarterly adjusted earnings of $1.08​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.09. The mean expectation of fourteen analysts for the quarter was for earnings of 41 cents per share. Wall Street expected results to range from 9 cents to 65 cents per share.

• Revenue fell 2% to $3.95 billion from a year ago; analysts expected $4.00 billion.

• Stanley Black & Decker Inc's reported EPS for the quarter was 67 cents​.

• The company reported quarterly net income of $101.9 million.

• Stanley Black & Decker Inc shares had risen by 9.1% this quarter and lost 7.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 58.1% 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 1 "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

• Wall Street's median 12-month price target for Stanley Black & Decker Inc is $90.00, about 17.9% above its last closing price of $73.93

This summary was machine generated from LSEG data July 29 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)