Pactiv Evergreen Inc expected to post earnings of 9 cents a share - Earnings Preview

Pactiv Evergreen

02/11/2021 02:04

* Pactiv Evergreen Inc  PTVE.OQ   PTVE.O  is expected to show a
rise in quarterly revenue when it reports  results on November
3. 
* The Lake Forest, Illinois-based company is expected to report 
a 10.0% increase in revenue to $1.315 billion from $1.2 billion
a year ago, according to the mean estimate from 8 analysts,
based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Pactiv Evergreen Inc is
for earnings of 9 cents per share. For the same quarter last
year, the company reported a loss of $2.59 per share.
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and 1 "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 $15​, about 4.7% above​ its last closing price
of $14.29. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 302021   0.18        0.19       0.04      Missed  -78.6
 Mar. 312021   0.01        0.07       0.14      Beat    105
 Dec. 312020   0.24        0.25       1.33      Beat    440.3​
 Sep. 302020   0.15        0.15       -2.59     Missed  -1,869
                                                        .1
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 This summary was machine generated November 2 at 02:04 GMT.  All
figures in US dollars unless otherwise stated