Spectrum Brands Likely to Report In-Line Q1, RBC Says-February 2024-www.financetom.com

Spectrum Brands Likely to Report In-Line Q1, RBC Says

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Spectrum Brands Likely to Report In-Line Q1, RBC Says

Feb 4, 2025 9:34 AM

12:15 PM EST, 02/04/2025 (MT Newswires) -- Spectrum Brands ( SPB ) is expected to report an about in-line fiscal Q1 results, with modest growth in every segment, RBC Capital Markets said in a Tuesday note.

The report also said the firm could face some margin pressure over increased investment. The results are due Thursday.

"We remain positive on the SPB recovery story and think there is a lot to like here, with reasonable potential for upside to FY'25 numbers should guidance prove conservative," RBC analysts, including Nik Modi, said in an earnings preview.

RBC has an outperform rating on the stock with a price target of $114, saying that "SPB is now operating from a position of strength with meaningful optionality/flexibility."

"We think its current stock price does not reflect fair value as a result," the analysts said.

Price: 82.51, Change: +0.46, Percent Change: +0.57

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