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With a market cap of $9.1 billion, Stanley Black & Decker, Inc. (SWK) provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, and internationally. Founded in 1843, the New Britain, Connecticut-based company is expected to report its Q1 earnings on Wednesday, Apr. 30, before the market opens.
Ahead of the event, analysts expect SWK to report a profit of $0.68 per share, up 21.4% from a profit of $0.56 per share reported in the year-ago quarter. It has exceeded analysts' earnings estimates in all of the past four quarters, which is impressive. In the previous quarter, it reported an EPS of $1.49, which surpassed the consensus estimate by 16.4%, driven by solid gross margin growth and strong cash generation.
