Pactiv Evergreen Inc expected to post earnings of 11  cents a share - Earnings Preview

Pactiv Evergreen

03/05/2022 03:09

* Pactiv Evergreen Inc  PTVE.OQ   PTVE.O  is expected
to show a
rise in quarterly revenue when it reports  results on May 4. 
    * The Lake Forest Illinois-based  company is expected to
report  a
17.3% increase in revenue to $1.365 billion from $1.16 billion a
year ago, according to the mean estimate from 6 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Pactiv Evergreen
Inc is
for earnings of 11 cents per share. For the same quarter last
year, the company reported earnings of 14 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Pactiv
Evergreen
Inc is $12​, above​ its last closing price of $9.87. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  0.40        0.43       0.17      Missed  -60.8
 Sep. 30 2021  0.09        0.09       0.00      Missed  -100
 Jun. 30 2021  0.18        0.19       0.04      Missed  -78.6​
 Mar. 31 2021  0.01        0.07       0.14      Beat    105
 ​​Dec.        0.24        0.25       1.33      Beat    440.3
 31 2020                                                
 Sep. 30 2020  0.15        0.15       -2.59     Missed  -1,869
                                                        .1​
 This summary was machine generated May 3 at 02:09 GMT.  All
figures in US dollars  unless otherwise stated