Pactiv Evergreen Inc reports results for the quarter ended September 30 - Earnings Summary

Pactiv Evergreen

12/11/2024 13:38

* Pactiv Evergreen Inc  PTVE.OQ  reported quarterly adjusted
earnings of 36 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 32 cents.  The mean expectation of six analysts
for the quarter was for earnings of 36 cents per share. Wall
Street expected results to range from 27 cents to 44 cents per
share.
    * Revenue fell 3.3% to $1.33 billion from a year ago;
analysts
expected $1.37 billion. 
    * Pactiv Evergreen Inc's reported EPS for the quarter was a
loss
of $1.18​.
    * The company reported a quarterly loss of $213 million.
    * Pactiv Evergreen Inc shares had risen by 4.3% this
quarter and
lost 12.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"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 $14.00 
This summary was machine generated from LSEG data November 12 at
01:38 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
 Sep. 30 2024      0.36           0.36           Met
 Jun. 30 2024      0.25           0.17           Missed
 Mar. 31 2024      0.08           0.14           Beat
 Dec. 31 2023      0.21           0.33           Beat