Pactiv Evergreen Inc expected to post earnings of 22  cents a share - Earnings Preview

Pactiv Evergreen

01/08/2023 03:03

* Pactiv Evergreen Inc  PTVE.OQ   PTVE.O  is expected
to show a
fall in quarterly revenue when it reports  results on August 2. 
    * The Lake Forest Illinois-based  company is expected to
report  a
6.2% decrease in revenue to $1.538 billion from $1.64 billion a
year ago, according to the mean estimate from 5 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Pactiv Evergreen
Inc is
for earnings of 22 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "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 $10​, above​ its last closing price of $8.61. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.08        0.07       -0.76     Missed  -1,139
                                                        .1
 Dec. 31 2023  0.06        0.06       0.15      Beat    157.2
 Sep. 30 2022  0.14        0.14       0.98      Beat    586.7​
 Jun. 30 2022  0.20        0.20       0.40      Beat    100.3
 ​​Mar.        0.10        0.11       0.24      Beat    127.5
 31 2022                                                
 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
 This summary was machine generated August 1 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated