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

Pactiv Evergreen

08/05/2023 23:05

* Pactiv Evergreen Inc  PTVE.OQ  reported a quarterly
adjusted
loss of 76 cents​​ per share for the quarter ended in March. The
mean expectation of seven analysts for the quarter was
for earnings of 7 cents per share.
    * Revenue fell 4.3% to $1.43 billion from a year ago;
analysts
expected $1.44 billion. 
    * Pactiv Evergreen Inc's reported EPS for the quarter was a
loss
of 76 cents​.
    * The mean earnings estimate of analysts had fallen by
about 55.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Pactiv Evergreen Inc shares had fallen by 10.8% this
quarter and
lost 37.1% so far this year.
    * The company reported a quarterly loss of $134 million.
    * Wall Street's median 12-month price target for Pactiv
Evergreen
Inc is $10.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
8 at 10:05 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.20           0.40           Beat