Stanley Black & Decker Inc. ($SWK) Stock Forecast: Down 8.6% Today

What is Stanley Black & Decker Inc.?

Stock: Stanley Black & Decker (SWK) Market Stanley Black & Decker (SWK) is a diversified global provider of hand tools, power tools, and related accessories, mechanical access solutions, and electronic security solutions. The company operates through three segments: Tools & Storage, Industrial, and Security.

Why is Stanley Black & Decker Inc. going down?

SWK stock is down 8.6% on Oct 29, 2024 19:44

• SWK experienced a decrease in revenue in the third quarter of 2024, falling short of estimates, resulting in a negative impact on the stock.
• Despite surpassing earnings expectations, the revenue shortfall and revised guidance for 2024 influenced investor sentiment in a pessimistic manner.
• The underperformance in the Industrial and Tools & Outdoor segments overshadowed the success in the Engineered Fastening unit, contributing to SWK's overall market decline.
• Investment community is now paying close attention to the company's strategies to tackle the issues within its segments in order to stimulate future growth and performance.

SWK Price Chart

SWK Technical Analysis

SWK News

Stanley Black's Q3 Earnings Beat Estimates, Revenues Down Y/Y

Weakness in both segments weighs on SWK's top line in the third quarter of 2024.

https://www.zacks.com/stock/news/2359864/stanley-blacks-q3-earnings-beat-estimates-revenues-down-yy

Stanley Black & Decker Q3 Earnings: Revenue Misses, Cost Savings Drive Margin Gains, Narrows 2024 EPS Guidance & More - Stanley Black & Decker ( NYSE:SWK )

Stanley Black & Decker Inc SWK shares are trading lower after the company reported mixed third-quarter results and narrowed its 2024 guidance. SWK reported a third-quarter sales decline of 5.2% year over year to $3.751 billion, missing the consensus estimate of $3.804 billion.

https://www.benzinga.com/news/earnings/24/10/41599361/stanley-black-decker-q3-earnings-revenue-misses-cost-savings-drive-margin-gains-narrows-2024-eps-gu

Stanley Black & Decker ( SWK ) Tops Q3 Earnings Estimates

Stanley Black & Decker (SWK) delivered earnings and revenue surprises of 18.45% and 0.64%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2359213/stanley-black-decker-swk-tops-q3-earnings-estimates

Is a Beat in the Offing for Stanley Black This Earnings Season?

SWK's Q3 2024 results are likely to gain from strength in the Engineered Fastening unit. However, the weakness in the Industrial and Tools & Outdoor segments is likely to have weighed on its performance.

https://www.zacks.com/stock/news/2356019/is-a-beat-in-the-offing-for-stanley-black-this-earnings-season

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Stanley Black & Decker Inc. Price History

29.09.2024 - SWK Stock was down 13.6%

• Despite surpassing Q3 earnings estimates, the stock of SWK displayed a bearish trend, suggesting potentially high market expectations.
• Weakness in the Industrial and Tools & Outdoor segments likely impacted the stock's performance more than the positive aspects of the earnings report.
• Investors who anticipated a substantial earnings beat might have felt disheartened, resulting in a sell-off of SWK shares.
• The discrepancy between positive earnings surprises and the bearish market movement indicates that investors are thoroughly evaluating all facets of the company's performance before making investment decisions.

29.09.2024 - SWK Stock was down 8.6%

• SWK experienced a decrease in revenue in the third quarter of 2024, falling short of estimates, resulting in a negative impact on the stock.
• Despite surpassing earnings expectations, the revenue shortfall and revised guidance for 2024 influenced investor sentiment in a pessimistic manner.
• The underperformance in the Industrial and Tools & Outdoor segments overshadowed the success in the Engineered Fastening unit, contributing to SWK's overall market decline.
• Investment community is now paying close attention to the company's strategies to tackle the issues within its segments in order to stimulate future growth and performance.

29.09.2024 - SWK Stock was down 8.1%

• SWK stock saw a bearish movement today despite surpassing earnings estimates, reflecting a nuanced market response.
• The company disclosed a decrease in sales for the third quarter, falling short of revenue projections, likely influencing the unfavorable market sentiment.
• While SWK exhibited resilience in segments like Engineered Fastening, weaknesses in other areas such as Industrial and Tools & Outdoor affected overall performance and investor confidence.
• The revised 2024 guidance may have sparked investor apprehensions about the company's future growth prospects, contributing to the bearish market trend.

03.10.2023 - SWK Stock was up 5.7%

• Today, SWK experienced a strong bullish movement, and here's what might have caused it:
• 1. Upgraded to "Hold": The upgrade to "Hold" by StockNews.com could have instilled confidence in investors, indicating that the stock is expected to perform steadily in the near term.
• 2. Positive Quarter: The company's recent quarter results, which showed signs of a turnaround, may have contributed to the bullish movement. Wall Street's agreement on the positive performance further supported the market sentiment.
• 3. Mixed Shelf Offering: The filing for a mixed shelf offering might have been perceived as a positive move by investors, as it provides flexibility for future financing options and potential growth opportunities.
• 4. Weakness in Tools & Outdoor Unit: Despite weakness in the Tools & Outdoor unit due to lower consumer demand, the market movement remained bullish. This suggests that investors focused more on the overall positive aspects of the company's performance rather than short-term challenges.
• In summary, the bullish movement in SWK today could be attributed to the upgrade, positive quarter results, mixed shelf offering, and investors' optimism regarding the company's turnaround.

12.05.2024 - SWK Stock was up 8.2%

• The positive movement in SWK may be linked to optimistic views in the housing market, as discussed in sources highlighting the impact on housing-related stocks like Stanley Black & Decker and Owens Corning.
• A decline in short interest for SWK suggests reduced negative speculation on the company, potentially reflecting a growing faith in its performance and future outlook.
• SWK being listed among the top home improvement stocks to invest in by hedge funds could have spurred increased investor interest and buying activity, propelling the stock price upwards.

10.03.2024 - SWK Stock was down 5.0%

• Despite its history of outperforming earnings expectations, SWK experienced a downward trend in the market today.
• There is speculation that investors had set high hopes for SWK's earnings results, resulting in their disappointment when the actual numbers were revealed.
• The market downturn could be attributed to profit-taking by investors who had previously invested in SWK anticipating strong earnings.
• External factors such as market conditions or industry-specific developments may have also impacted SWK's bearish performance today.

27.09.2023 - SWK Stock was up 8.7%

• The bullish movement in SWK's stock today can be attributed to the following factors:
• 1. Strong Q3 Earnings: Despite a decline in sales, Stanley Black & Decker reported earnings that exceeded expectations, with a surprise of 25%. This positive earnings surprise likely boosted investor confidence and contributed to the bullish movement.
• 2. Beat and Raise: The company's Q3 earnings beat estimates, with adjusted EPS of $1.05/share. Additionally, Stanley Black & Decker raised its outlook, indicating a positive outlook for future performance. This positive news likely attracted investors and drove the stock price higher.
• 3. Market Reaction: The market reacted positively to the earnings beat and raise, causing the stock to soar in the pre-market session. This indicates that investors are optimistic about the company's ability to navigate challenges and deliver strong results.
• 4. Mixed Q3 Results: While there was a decline in net income and sales, the positive aspects of the earnings report, such as the earnings beat and raised outlook, overshadowed the negative aspects. This mixed result may have contributed to the initial volatility in the stock price but ultimately led to a bullish movement.
• Overall, the strong bullish movement in SWK's stock today can be attributed to the company's positive earnings surprise, raised outlook, and investor optimism about its future prospects.

26.06.2024 - SWK Stock was up 5.2%

• SWK stock witnessed a positive movement today.
• The rise in the quarterly dividend to $0.82 per share reflects optimism in the company's growth strategy, potentially boosting investor confidence.
• Anticipation of favorable Q2 2024 earnings, particularly driven by the success in the Engineered Fastening unit, likely supported the upward trend.
• Despite challenges in the Industrial and Tools & Outdoor sectors, the overall optimistic forecast and the potential beat in earnings could have overshadowed any negative aspects, prompting the upward movement in the market.

26.06.2024 - SWK Stock was up 6.8%

• SWK stock experienced a bullish movement today following the announcement of a quarterly dividend increase to $0.82 per share. This move signals confidence in the company's transformation and growth strategy.
• The anticipation of strong earnings growth, as indicated by the favorable combination of key factors, likely contributed to the positive investor sentiment towards SWK stock.
• The dividend raise and positive earnings outlook have instilled optimism among shareholders, leading to increased buying interest and driving the stock price higher.
• Overall, the market's bullish response to Stanley Black & Decker's recent developments reflects investor confidence in the company's future prospects and financial performance.

30.06.2024 - SWK Stock was up 8.8%

• SWK stock demonstrated a bullish trend today after unveiling its Q2 earnings.
• Despite a 3.3% decrease in sales, the company outperformed analyst expectations, showcasing its resilience in a competitive market landscape.
• The improvement in non-GAAP profits from the same period last year, along with the positive surprises in earnings and revenue for Q2, indicate a strong performance and potential growth opportunities for SWK.
• Investors seem to be responding positively to the company's adept navigation of economic uncertainties, as it continues to deliver results that exceed predictions, establishing SWK as an attractive investment choice within the industrial tools sector.

30.06.2024 - SWK Stock was up 7.8%

• SWK stock saw a significant increase following the disclosure of its Q2 2024 earnings.
• The company exceeded analyst expectations, reporting earnings per share of $1.09, higher than the estimated 84 cents, and revenue of $4.02 billion, slightly surpassing the projected $4.02 billion.
• The favorable earnings outcomes and the company's ability to outperform revenue forecasts contributed to the upward trend in SWK stock.
• Investors responded positively to the announcement, pushing the stock price up as they recognized Stanley Black & Decker's strong performance amidst a challenging market climate.

30.06.2024 - SWK Stock was up 8.7%

• SWK stock witnessed a significant rise today, increasing by 7.8% in the morning session following a strong quarterly performance.
• The company surpassed analysts' earnings per share (EPS) estimates and raised its full-year EPS guidance, which boosted investor morale.
• Despite some concerns about mixed demand trends in the latter part of the year, the impressive quarterly results and upbeat forecast propelled the stock's upward movement.
• The market responded favorably to the earnings outperformance and revenue results, indicating investor confidence in Stanley Black & Decker's growth prospects.