Reynolds Earnings: What To Look For From REYN

Max Juang /
2024/02/06 2:01 am EST

Household products company Reynolds (NASDAQ:REYN) will be announcing earnings results tomorrow morning. Here's what to look for.

Last quarter Reynolds reported revenues of $935 million, down 3.3% year on year, in line with analyst expectations. It was a decent quarter for the company, with a beat of analysts' revenue and EPS estimates.

Is Reynolds buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Reynolds's revenue to decline 7.6% year on year to $1.01 billion, a deceleration on the 6.7% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.62 per share.

Reynolds Total Revenue

The company missed Wall St's revenue estimates four times over the last two years.

Looking at Reynolds's peers in the household products segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. Church & Dwight delivered top-line growth of 6.4% year on year, beating analyst estimates by 1.1% and Colgate-Palmolive reported revenues up 6.9% year on year, exceeding estimates by 1.4%. Both companies (Church & Dwight and Colgate-Palmolive) traded flat on the results.

Read our full analysis of Church & Dwight's results here and Colgate-Palmolive's results here.

Investors in the household products segment have had steady hands going into the earnings, with the stocks down on average 1.5% over the last month. Reynolds is up 3.5% during the same time, and is heading into the earnings with analyst price target of $30.2, compared to share price of $27.7.

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The author has no position in any of the stocks mentioned.