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

Pactiv Evergreen

03/08/2022 22:51

* Pactiv Evergreen Inc  PTVE.OQ  reported quarterly adjusted
earnings of 40 cents​​ per share for the quarter ended in June.
The mean expectation of nine analysts for the quarter was
for earnings of 20 cents per share.
    * Revenue rose 21.3% to $1.64 billion from a year ago;
analysts
expected $1.66 billion. 
    * Pactiv Evergreen Inc's reported EPS for the quarter was 40
cents​.
    * The mean earnings estimate of analysts had risen by
about 3.7%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Pactiv Evergreen Inc shares had risen by 0.4% this
quarter and
lost 21.1% so far this year.
    * The company reported quarterly net income of $73 million.
    * Wall Street's median 12-month price target for Pactiv
Evergreen
Inc is $11.50 
    * 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." 

This summary was machine generated from Refinitiv data August 3
at 09:51 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.20           0.40           Beat
 Mar. 31 2022      0.11           0.24           Beat
 Dec. 31 2021      0.43           0.17           Missed
 Sep. 30 2021      0.09           0.00           Missed