Sealed Air Corp expected to post earnings of 63  cents a share - Earnings Preview

Sealed Air

31/10/2023 15:15

* Sealed Air Corp  SEE.N   SEE  is expected to show a fall
in
quarterly revenue when it reports  results on November 2. 
    * The Charlotte North Carolina-based  company is expected to
report  a 2.4% decrease in revenue to $1.367 billion from $1.4
billion a year ago, according to the mean estimate from 12
analysts, based on Refinitiv data. The company's guidance on
August 8 2023, for the period ended September 30, was for
revenue between $1.36 billion and $1.38 billion.
    * ​Refinitiv's mean analyst estimate for Sealed Air Corp is
for
earnings of 63 cents per share. The company's EPS guidance on
August 8 2023, for the period ended September 30, was between
$0.60 and $0.64 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 7
"hold" and 1 "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 $40​, above​ its last closing price of $31.49. ​​​

The company's guidance on August 8 2023 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD1.36 billion and
USD270 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  0.98        0.98       0.99      Beat    1.4​
 Sep. 30 2022  0.89        0.90       0.98      Beat    8.8
 ​​Jun.        0.96        0.97       1.01      Beat    3.8
 30 2022                                                
 Mar. 31 2022  0.93        0.93       1.12      Beat    20.5​
 Dec. 31 2021  1.14        1.13       1.12      Missed  -0.8
 Sep. 30 2021  0.82        0.82       0.86      Beat    4.4
 This summary was machine generated October 31 at 15:15 GMT.  All
figures in US dollars  unless otherwise stated