Newell Brands Shares Up 4% Following Q4 Results
<p><a href='https://financialmodelingprep.com/financial-summary/NWL'>Newell Brands Inc. (NASDAQ:NWL) </a>shares were trading more than 4% higher Tuesday afternoon following the company’s reported strong Q4 results, beating expectations on the top and bottom lines. Strength was particularly robust in Home Appliances despite the tough comp that also included Amazon Prime Day.</p>
<p>According to the analysts at RBC Capital, management is taking the right steps for both the near term (managing cost headwinds) and the longer term (project OVID initiatives). </p>
<p>The company expects 2022 EPS of $1.85-$1.93, compared to the consensus estimate of $1.87. 2022 revenue is expected to range from $9.93 billion to 10.13 billion, compared to the consensus estimate of $10.45 billion. The analysts believe the company’s guidance leaves enough cushion on both the supply side and demand side, with opportunities for upside. </p>

NASDAQ:NWL