Fortune Brands Innovations (FBIN) Q4 Earnings and Revenues Lag Estimates

Core Viewpoint - Fortune Brands Innovations (FBIN) reported quarterly earnings of $0.98 per share, missing the Zacks Consensus Estimate of$ 1.05 per share, but showing an increase from $0.95 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was -6.67%, with the company previously expected to post earnings of$ 1.15 per share but actually reporting $1.16 per share in the prior quarter, resulting in a positive surprise of 0.87% [2] - Revenues for the quarter ended December 2024 were$ 1.1 billion, missing the Zacks Consensus Estimate by 3.61%, and down from $1.16 billion year-over-year [3] - Over the last four quarters, the company has surpassed consensus EPS estimates three times but has only topped revenue estimates once [3] Stock Performance and Outlook - Since the beginning of the year, Fortune Brands Innovations shares have increased by approximately 1.5%, compared to a 3.1% gain in the S&P 500 [4] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [5] Earnings Estimate Revisions - The trend for earnings estimate revisions ahead of the earnings release was favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [7] - The current consensus EPS estimate for the upcoming quarter is$ 0.87 on revenues of $1.11 billion, and for the current fiscal year, it is$ 4.53 on revenues of $4.78 billion [8] Industry Context - The Retail - Home Furnishings industry, to which Fortune Brands Innovations belongs, is currently ranked in the top 34% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [9]