Stanley Black & Decker (SWK) presents a mixed bag of performance and outlook according to multiple sources. Following its Q3 earnings, market analyst Jim Cramer encourages aggressive buying due to excellent margins, despite underperforming against competitors on the particular day. Sales have seen a decline with Q3 targets missed, contributing to falls in stock value and the presence of consumer and auto weakness. Despite the revenue miss, the company managed to drive margin gains through cost savings and gave a tightened EPS guidance for 2024. Multiple sources reported Q3 earnings to exceed estimates and a strange event took place where shares gapped down to $94.455. Multiple investment advisors and firms have lowered their hold on SWK, with expectations for the stock price being adjusted downwards. However, there are still optimistic views with robust quarterly earnings, expectation of beating earnings estimates, and consensus rating of 'Hold' from analysts. The company has reported Q3 earnings and updated its FY 2024 earnings guidance. New board members were elected and there has been a change in the HR executive role. Finally, the stock's potential as a momentum pick and long-term value stock is highlighted.
Stanley Black Decker SWK News Analytics from Tue, 27 Feb 2024 08:00:00 GMT to Sat, 02 Nov 2024 08:42:19 GMT -
Rating 2
- Innovation 0
- Information 6
- Rumor -5
