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

Pactiv Evergreen

07/11/2022 22:38

* Pactiv Evergreen Inc  PTVE.OQ  reported quarterly adjusted
earnings of 98 cents​​ per share for the quarter ended in
September. The mean expectation of eight analysts for the
quarter was for earnings of 14 cents per share.
    * Revenue rose 15.4% to $1.61 billion from a year ago;
analysts
expected $1.51 billion. 
    * Pactiv Evergreen Inc's reported EPS for the quarter was 98
cents​.
    * The mean earnings estimate of analysts had fallen by
about 23.3%
in the last three months.​ 
    * In the last 30 days four analysts negatively revised
earnings
estimates 
    * Pactiv Evergreen Inc shares had risen by 24.6% this
quarter and
lost 14.2% so far this year.
    * The company reported quarterly net income of $176 million.
    * Wall Street's median 12-month price target for Pactiv
Evergreen
Inc is $12.00 
    * 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 November
7 at 10:38 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.14           0.98           Beat
 Jun. 30 2022      0.20           0.40           Beat
 Mar. 31 2022      0.11           0.24           Beat
 Dec. 31 2021      0.43           0.17           Missed