Where Will Stanley Black & Decker Be in 1 Year?
Stanley Black & Decker (NYSE: SWK) provided its 2022 outlook in the first quarter last year and then cut its guidance in the second and third quarters. When the final tally came in, the numbers were pretty rough compared to 2021.
But that's the past. What does the next year look like? According to management's guidance for 2023, the hard times aren't over yet.
When industrial company Stanley Black & Decker provided its 2022 outlook, it had high hopes. The original expectation was for adjusted earnings between $12 and $12.50 per share, in guidance offered in February of 2022 (when it released fourth-quarter 2021 results). That expectation range was lowered in the second and third quarters, and it eventually came in at $4.62 per share, down from $10.48 in 2021.
Source Fool.com
