Sealed Air Corp expected to post earnings of 64 cents a share - Earnings Preview

Sealed Air

23/02/2024 14:40

* Sealed Air Corp  SEE.N   SEE  is expected to show a fall
in
quarterly revenue when it reports  results on February 27 for
the period ending December 31 2023
    * The Charlotte North Carolina-based  company is expected to
report a 2.9% decrease in revenue to $1.366 billion from $1.41
billion a year ago, according to the mean estimate from 13
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Sealed Air Corp is for
earnings of 64 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "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 $42.00​, above​ its last closing price of $35.46. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  0.98        0.98       0.99      Beat    1.4
 ​​Sep.        0.89        0.90       0.98      Beat    8.8
 30 2022                                                
 Jun. 30 2022  0.96        0.97       1.01      Beat    3.8​
 Mar. 31 2022  0.93        0.93       1.12      Beat    20.5
 Dec. 31 2021  1.14        1.13       1.12      Missed  -0.8
 This summary was machine generated February 23 at 14:40 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)