Stanley Black & Decker (SWK) shares fell in pre-market trading after the company reported mixed third-quarter results, including a sales decline and a narrowing of its 2024 guidance. While the company saw improvements in gross margin and strong cash generation, revenue was impacted by subdued consumer demand and a dip in automotive production. Despite the challenges, Stanley Black & Decker achieved growth in key areas and expects to continue its cost reduction program.
Stanley Black & Decker (SWK) is set to release its quarterly earnings on Tuesday, October 29th. Analysts are expecting an EPS of $1.05, and investors will be keen to see if the company surpasses these expectations and provides positive guidance for the next quarter. This article provides an in-depth analysis of Stanley Black & Decker’s past performance, analyst sentiment, and key financial metrics, helping investors understand what to watch for during the earnings call.
