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NWL Anticipates Big Reveal in Q3 Earnings: What’s Next?

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Written by Timothy Sykes Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs
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Newell Brands Inc.’s stock price is significantly buoyed by a fresh initiative unveiling advanced market strategies and optimistic forecasts in core product lines, attracting renewed investor confidence. On Friday, Newell Brands Inc.’s stocks have been trading up by 22.31 percent.

Summaries of Key Developments

  • Q3 2024 results from Newell Brands are set to be released on Oct 25, 2024, along with a live webcast to discuss future aspirations and recent performance outcomes.

Candlestick Chart

Live Update at 08:52:04 EST: On Friday, October 25, 2024 Newell Brands Inc. stock [NASDAQ: NWL] is trending up by 22.31%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

  • Ahead of the earnings release, there’s a consensus estimate of $0.16 EPS, indicating a steady yet slightly positive market sentiment around Newell’s expected Q3 performance.

  • Analysts are observing an improvement in Q3 sales across most major categories, with revenues slightly surpassing forecasts, underscoring an optimistic outlook for NWL’s new strategy.

  • Rendering thoughtful collaboration, Newell Brands partners with Kidsy to enhance sustainability goals by redirecting returned Graco and Baby Jogger products from landfills.

Quick Overview of Newell Brands Inc.’s Financial Standing

The anticipation hangs thick in the air as Newell Brands Inc., a beacon in the consumer goods sector, gears up to disclose its Q3 earnings. Recent developments have driven expectations high amidst strategic shifts. The stock has experienced a notable dance on the charts, painting stories that everyone keenly watches unfold.

Taking a broader lens, the recent market has been a mosaic—an intriguing mix of dizzying highs and sobering lows. Notably, there was an influx in stock value from Oct 9, 2024, reaching new peaks repeatedly, intriguingly close ahead of its quarterly earnings disclosure.

Earnings and revenue forecasts suggest that Newell might edge past the predicted bar. While Q3 is expected to show $1.97B in net sales, analysts eye a promising cadence through strategic pivots. Intriguingly, a notable momentum drift showcases an increase in revenue forecasts, despite caution toward consumer spending.

More Breaking News

Peering through the financial kaleidoscope reveals some fascinating patterns. Newell’s latest Income Statement flags a net income of $45M, contrary to trends from prior periods with less net gain. Despite this, profitability ratios indicate tight margins needing relentless steering efforts and judicious cost management. NWL’s strategy for a sustainable business model continues with a recommerce initiative with Kidsy, emphasizing eco-friendly recycling.

The Unwrapping of Upcoming Event

As Newell Brands prepares to unveil their performance for the quarter, speculation swirls around potential strategic maneuvers waiting just beyond the horizon. How could these figures alter the prevailing winds of NWL’s market course? The answers unfold soon, marking a pivotal point for shareholders and potential investors keenly observing this financial drama.

Navigating the vibrant chart tapestry, you see vale activity taking an intriguing form – a steep rise beholden to more than numbers but to the stories behind those figures. A wider lens hints at burgeoning activity in strategic sectors driving this increment. Newell’s alignment with Kidsy to mitigate waste showcases innovation — steering from reducing landfill burdens to redesigning circularity goals. Such collaborations stretch beyond numbers to mark a more sustainable legacy.

As the market awaits NWL’s next chapter, insights glean—anticipated data holds promise but nudges investors to balance optimism with realism, a journey where every twist redefines expectations.

Conclusion

Navigating through waves of historical highs and contemplative lows, Newell Brands Inc. finds itself in the sweet spot of anticipation. With each calculated move—from strategic partnerships to gaining market insights—they strive towards sustainable growth. As we approach another milestone earnings call on Oct 25, 2024, the market pulse suggests onward continuity, holding traction and narrative momentum alike. In this performance preview, charts become canvases painting the visions of NWL’s journey.

Bearing witness to a mosaic of strategic cunning and foresight, the real picture emerges not just in figures but through thought-leadership and adaptable navigation, crucial as Newell Brand Inc. tilts toward tomorrow’s horizon. The persistent climb suggests the kernel of potential is yet to unfold—one anchored in calculated progress and indelible market impact. The coming moments hold anticipatory ethos—will Newell march ahead, etching stories deeper into the financial annals? Time, as it wisely reveals, attests to strategy in action.

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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

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Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”