Newell Brands (NWL) stock plummeted 5.29% in intraday trading following the company's disappointing third-quarter earnings report and a series of analyst price target cuts. The consumer goods company, known for brands such as Rubbermaid and Sharpie, faced significant headwinds as it struggles with softer-than-expected demand trends.

Newell Brands reported adjusted earnings of 17 cents per share for Q3, falling short of analysts' expectations of 18 cents. Revenue came in at $1.81 billion, missing estimates of $1.88 billion and representing a 7.2% decline compared to the prior year period. The company attributed this decline to a core sales drop of 7.4%, slightly offset by favorable foreign exchange rates.

Adding to investor concerns, Newell Brands lowered its guidance for both the fourth quarter and full-year 2025. The company now projects Q4 adjusted earnings per share between 16 to 20 cents, well below the Wall Street consensus of 27 cents. For the full year, Newell cut its adjusted EPS forecast to a range of 56 to 60 cents, down from the previous 66 to 70 cents, and below analysts' expectations of 68 cents. In response to these disappointing results and outlook, multiple analysts, including those from Morgan Stanley, Deutsche Bank, Wells Fargo, and Citigroup, lowered their price targets for Newell Brands, further pressuring the stock.