Replies to post #96936 on Savvy Trades and Investments

[researcher59]

ACCO has been a chronic market underperformer for the past 5 years. According to the 10K the stock was down 37% for the 5 years ended 12/31/21 while the Russell 2000 was up 65%, so rather awful. And their debt is at variable interest rates, so not good in a sharply rising interest rate environment, as KIK pointed out.

There are loads of stocks that I prefer over ACCO, but good luck with it.

[researcher59]

ACCO -.63 to 6.55 after missing estimates and lowering guidance. Your thoughts on the quarter ?

briefing -

ACCO Brands misses by $0.05, misses on revs; lowers FY22 guidance (7.18 +0.03) :
Reports Q2 (Jun) earnings of $0.37 per share, excluding non-recurring items, $0.05 worse than the S&P Capital IQ Consensus of $0.42; revenues rose 0.6% year/year to $521 mln vs the $538.15 mln S&P Capital IQ Consensus.
Co issues lowered guidance for FY22, sees EPS of $1.39-1.44 from $1.52 to $1.62, excluding non-recurring items, vs. $1.55 S&P Capital IQ Consensus; sees FY22 revs of (0.5)% to 1.5% from 1.0% to 6.0% to $2.014-2.055 bln vs. $2.11 bln S&P Capital IQ Consensus.