We expect consumer and commercial products manufacturer and marketer, Newell Brands Inc. NWL to beat expectations when it reports first-quarter 2016 results on Apr 29.Newell Brands has outperformed the Zacks Consensus Estimate by an average of 2.7% over the past four quarters, with a positive surprise in three of these. Newell Rubbermaid Inc. (NWL) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany Why a Likely Positive Surprise?Our proven model shows that Newell Brands is likely to beat earnings estimates this quarter. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. The Most Accurate estimate stands at 39 cents and the Zacks Consensus Estimate is pegged at 38 cents. So the ensuing +2.63% ESP and the company’s Zacks Rank #1 (Strong Buy) make us reasonably confident of an earnings beat.What's Driving the Better-than-Expected Earnings?The company has been gaining strength from splendid brand performance and benefits from the Project Renewal program, which has been leading to persistent cost savings. Further, Newell’s practice of strengthening its portfolio through strategic acquisitions and reducing activities with marginal profitability bodes well. Encouraged by its solid business trends, the company retained its normalized earnings per share and core sales outlook for 2016 despite anticipating a stronger impact from adverse currency fluctuations going forward, thus making us optimistic about the upcoming results.Stocks to ConsiderHere are some other companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:Cabela's Inc. CAB, slated to release earnings on Apr 28, 2016, has an Earnings ESP of +10.8% and a Zacks Rank #3 (Hold).Urban Outfitters Inc. URBN, scheduled to release earnings on May 18, 2016 has an Earnings ESP of +8.00% and a Zacks Rank #2 (Buy).The Home Depot, Inc. HD, scheduled to release earnings on May 17, 2016 has an Earnings ESP of +1.50% and a Zacks Rank #2.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NEWELL BRANDS (NWL): Free Stock Analysis Report HOME DEPOT (HD): Free Stock Analysis Report URBAN OUTFITTER (URBN): Free Stock Analysis Report CABELAS INC (CAB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research