Newell Brands Plans to Divest 10% of Portfolio, Earnings Expectations Muted

Shares of the global consumer goods company are in focus as it prepares to report its fiscal fourth-quarter results on Monday before markets open. Wall Street expects Newell Brands (NWL) - Get Report  to report earnings of 80 cents a share on revenue of about $4.3 billion. For the full year, analysts expect earnings of $2.87 a share on revenue of $13.5 billion. In April, Newell merged with Jarden to create a $16 billion company with familiar brand names like Sharpie, Papermate, Rubbermaid, and Crock-Pot. TheStreet's Jim Cramer says that "expectations are relatively muted for the fourth quarter as top-line pressure continues while the company moves through the rationalization process of its portfolio." The company plans to divest about 10% its portfolio this year, including selling its tool business to Stanley Black & Decker (SWK) - Get Report. However, Cramer says this does allow potential for upside to the company's conservative guidance.