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

Pactiv Evergreen

02/08/2023 22:47

* Pactiv Evergreen Inc  PTVE.OQ  reported quarterly adjusted
earnings of 20 cents​​ per share for the quarter ended in June.
The mean expectation of six analysts for the quarter was
for earnings of 22 cents per share.
    * Revenue fell 13% to $1.43 billion from a year ago;
analysts
expected $1.54 billion. 
    * Pactiv Evergreen Inc's reported EPS for the quarter was a
loss
of 78 cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Pactiv Evergreen Inc shares had risen by 11.9% this
quarter and
lost 25.4% so far this year.
    * The company reported a quarterly loss of $139 million.
    * Wall Street's median 12-month price target for Pactiv
Evergreen
Inc is $9.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 09:47 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.22           0.20           Missed
 Mar. 31 2023      0.07           -0.76          Missed
 Dec. 31 2022      0.06           0.15           Beat
 Sep. 30 2022      0.14           0.98           Beat