Pactiv Evergreen Inc expected to post earnings of 21 cents a share - Earnings Preview

Pactiv Evergreen

27/02/2024 22:26

* Pactiv Evergreen Inc  PTVE.OQ   PTVE.O  is expected
to show a
fall in quarterly revenue when it reports  results on February
29 for the period ending December 31 2023
    * The Lake Forest Illinois-based  company is expected to
report a
10.7% decrease in revenue to $1.319 billion from $1.48 billion a
year ago, according to the mean estimate from 7 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Pactiv Evergreen Inc is
for
earnings of 21 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"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 $16.00​, above​ its last closing price of $14.64. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.21        0.20       0.32      Beat    57.4
 Jun. 30 2023  0.22        0.22       0.20      Missed  -8
 Mar. 31 2023  0.08        0.07       -0.76     Missed  -1,139
                                                        .1​
 Dec. 31 2022  0.06        0.06       0.15      Beat    157.2
 ​​Sep.        0.14        0.14       0.98      Beat    586.7
 30 2022                                                
 Jun. 30 2022  0.20        0.20       0.40      Beat    100.3​
 Mar. 31 2022  0.10        0.11       0.24      Beat    127.5
 Dec. 31 2021  0.40        0.43       0.17      Missed  -60.8
 This summary was machine generated February 27 at 22:26 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)