Sealed Air Corp expected to post earnings of 54 cents a share - Earnings Preview

Sealed Air

30/04/2024 13:58

* Sealed Air Corp  SEE.N   SEE  is expected to show a fall
in
quarterly revenue when it reports  results on May 2 for the
period ending March 31 2024
    * The Charlotte North Carolina-based  company is expected to
report a 4.8% decrease in revenue to $1.284 billion from $1.35
billion a year ago, according to the mean estimate from 12
analysts, based on LSEG data.The company's guidance on February
27 2024, for the period ended March 31, was for revenue of
$1.300 billion.
    * ​LSEG's mean analyst estimate for Sealed Air Corp is for
earnings of 54 cents per share. The company's EPS guidance on
February 27 2024, for the period ended March 31, was between
$0.50 and $0.60 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Sealed Air
Corp
is $43.00​, above​ its last closing price of $31.82. ​​​

The company's guidance on February 27 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of of USD240 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.64        0.64       0.88      Beat    38.5
 Sep. 30 2023  0.63        0.63       0.77      Beat    23.1
 Jun. 30 2023  0.68        0.67       0.80      Beat    18.6​
 Mar. 31 2023  0.77        0.77       0.74      Missed  -4.2
 ​​Dec.        0.98        0.98       0.99      Beat    1.4
 31 2022                                                
 Sep. 30 2022  0.89        0.90       0.98      Beat    8.8​
 Jun. 30 2022  0.96        0.97       1.01      Beat    3.8
 Mar. 31 2022  0.93        0.93       1.12      Beat    20.5
 This summary was machine generated April 30 at 12:58 GMT.  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)