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What To Expect From Stanley Black & Decker’s (SWK) Q3 Earnings

SWK Cover Image

Manufacturing company Stanley Black & Decker (NYSE:SWK) will be announcing earnings results tomorrow before the bell. Here’s what to expect.

Stanley Black & Decker met analysts’ revenue expectations last quarter, reporting revenues of $4.02 billion, down 3.2% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ earnings and EBITDA estimates.

Is Stanley Black & Decker a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Stanley Black & Decker’s revenue to decline 3.8% year on year to $3.80 billion, in line with the 4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.05 per share.

Stanley Black & Decker Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Stanley Black & Decker has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Stanley Black & Decker’s peers in the industrial machinery segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Snap-on posted flat year-on-year revenue, beating analysts’ expectations by 7.8%, and John Bean reported revenues up 12.4%, topping estimates by 2.6%. Snap-on traded up 9.4% following the results while John Bean was also up 17.8%.

Read our full analysis of Snap-on’s results here and John Bean’s results here.

Investors in the industrial machinery segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. Stanley Black & Decker is down 7.4% during the same time and is heading into earnings with an average analyst price target of $110.42 (compared to the current share price of $101.98).

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