How did NWL's Q1 2024 EPS surprise impact its stock?

Newell's (NWL) Q1 2024 EPS surprise of $0.07 had a mixed impact on its stock, with various percentage changes recorded across different dates following the earnings release. Here's a detailed analysis:

1. **Initial Reaction**: The stock showed a positive reaction initially, with a percentage change of 0.69% on the date of the earnings release, March 31, 2024.
2. **Subsequent Fluctuations**: However, the stock experienced significant volatility in the following days, with a notable decrease of 18.93% on February 20, 2024. This suggests that investors may have had concerns or reacted negatively to certain aspects of the earnings report.
3. **Small Recoveries**: Despite the downturn, the stock managed to recover slightly, with percentage changes of 1.69% on February 29, 2024, and 2.03% on March 28, 2024. These small recoveries could indicate a gradual return of confidence or a correction of overreaction to the initial negative sentiment.
4. **Overall Stability**: The EPS surprise did not lead to a significant, long-term impact on the stock's performance, as evidenced by the relatively small percentage changes over the period. This suggests that factors other than the earnings surprise may have played a more significant role in shaping the stock's trajectory.

In conclusion, while the Q1 2024 EPS surprise of $0.07 initially had a modest positive effect on Newell's stock, the overall impact was relatively muted, and the stock exhibited significant volatility due to other factors.

|code|Ticker|Name|Date|Percentage Change|EPS Surprise|market_code|
|---|---|---|---|---|---|---|
|NWL|NWL.O|Newell|20230403|0.0804||185|
|NWL|NWL.O|Newell|20230404|-2.1687||185|
|NWL|NWL.O|Newell|20230405|-1.1494||185|
|NWL|NWL.O|Newell|20230406|0.8306||185|
|NWL|NWL.O|Newell|20230410|0.5766||185|
|NWL|NWL.O|Newell|20230411|3.0303||185|
|NWL|NWL.O|Newell|20230412|-2.9412||185|
|NWL|NWL.O|Newell|20230413|0.9009||185|
|NWL|NWL.O|Newell|20230414|0.8117||185|
|NWL|NWL.O|Newell|20230417|1.8519||185|