Tony Anderson Summary I am positive on Fortune Brands Innovations (NYSE:FBIN). My summarized thesis is that the FBIN growth outlook seems positive in its key market (the US), as the macro situation is likely to get better. Moreover, growth could be structurally higher in the near-to-medium term as it leverages its partnership strategy to grow its digital product sales. As such, FBIN deserves to trade at a premium for its history. Company overview FBIN is a home goods retailer that sells a wide assortment of ...

Good afternoon, everyone, and welcome to the Fortune Brands Innovations' second quarter earnings call. Hopefully, everyone has had a chance to review the earnings release. The earnings release and the audio replay of this call can be found on the Investors section of our fbin.com website. I want to remind everyone that the forward-looking statements we make on the call today, either in our prepared remarks or in the associated question-and-answer session, are based on current expectations and market outlook ...

For the quarter ended June 2024, Fortune Brands Innovations (FBIN) reported revenue of $1.24 billion, up 6.6% over the same period last year. EPS came in at $1.16, compared to $1.07 in the year-ago quarter. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Here is how Fortune Brands Innovations performed in the just repor ...

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Another stock from the same industry, Haverty Furniture (HVT) , has yet to report results for the quarter ended June 2024. Fortune Brands Innovations (FBIN) came out with quarterly ear ...

This maker of products for the home, like faucets, cabinets, windows and doors has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 5.68%. Price and EPS Surprise Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combinati ...

FBIN is optimistic about the strategic move as it believes that this partnership will bring in top-tier connected solutions that will aid in increasing safety, improving efficiency and enhancing compliance at a global level. The partnership should help in transforming workplaces from mechanical to cLOTO and expand the reach for these solutions in the global market. LOTO solutions help improve workers' safety by preventing potentially dangerous equipment from releasing hazardous energy. Inorganic Growth Init ...

monsitj Investment Thesis Fortune Brands Innovations, Inc. (NYSE:FBIN) has good revenue and margin growth prospects. The company's revenue growth should benefit from an increased level of housing completions given the healthy housing start levels in the back half of last year. In addition, the company is also focused on enhancing its product portfolio with consistent innovations within connected offerings like FLO Smart Water Monitor and Shutoffs, Connected sprinklers, and Smart Locks. These offerings are g ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find compa ...

Fortune Brands Innovations, Inc. (NYSE:FBIN) Q1 2024 Earnings Conference Call April 30, 2024 5:00 PM ET Good afternoon. My name is Marianne. IÂ'll be your conference operator today. At this time, I would like to welcome everyone to the Fortune Brands First Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakersÂ' remarks, there will be a question-andanswer session. The company does not undertake any obligation to update or revise any forw ...

Fortune Brands Innovations (FBIN) reported $1.11 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 6.7%. EPS of $0.83 for the same period compares to $0.69 a year ago.The reported revenue represents a surprise of +2.16% over the Zacks Consensus Estimate of $1.09 billion. With the consensus EPS estimate being $0.76, the EPS surprise was +9.21%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...