11:17 AM EDT, 10/23/2024 (MT Newswires) -- Newell Brands ( NWL ) likely saw sales and volume improvements in most of its major categories in Q3 compared with the previous quarter, RBC Capital Markets said Wednesday.

The company is scheduled to report Q3 results Friday. RBC projects adjusted earnings of $0.16 per share on net sales of $1.97 billion for Q3, compared with the consensus of analysts polled by Capital IQ which expects adjusted EPS of $0.16 and revenue of $1.96 billion.

The investment firm said it remains "cautious on the consumer and propensity to spend in NWL's categories," adding that it sees trends "generally improving" as "the company's new strategy is beginning to show results."

The brokerage has a sector perform rating on NWL and a $9.50 price target.

The company's shares were down 2% in recent trading.

Price: 7.38, Change: -0.15, Percent Change: -1.99