Pactiv Evergreen Inc reports results for the quarter ended in December - Earnings Summary

Pactiv Evergreen

29/02/2024 22:54

* Pactiv Evergreen Inc  PTVE.OQ  reported quarterly adjusted
earnings of 33 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 15 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 21 cents per
share. Wall Street expected results to range from 17 cents to 27
cents per share.
    * Revenue fell 13.7% to $1.27 billion from a year ago;
analysts
expected $1.32 billion. 
    * Pactiv Evergreen Inc's reported EPS for the quarter was 12
cents​.
    * The company reported quarterly net income of $21 million.
    * Pactiv Evergreen Inc shares had risen by 5.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the non-paper
containers & packaging peer group is also "buy"

Wall Street's median 12-month price target for Pactiv Evergreen
Inc is $16.00 
This summary was machine generated from LSEG data February 29 at
10:54 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.21           0.33           Beat
 Sep. 30 2023      0.20           0.32           Beat
 Jun. 30 2023      0.22           0.20           Missed
 Mar. 31 2023      0.07           -0.76          Missed