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

Sealed Air

06/08/2024 15:36

* Sealed Air Corp  SEE.N   SEE  is expected to show a fall
in
quarterly revenue when it reports  results on August 8 for the
period ending June 30 2024
    * The Charlotte North Carolina-based  company is expected to
report a 5.3% decrease in revenue to $1.307 billion from $1.38
billion a year ago, according to the mean estimate from 13
analysts, based on LSEG data.The company's guidance on May 2
2024, for the period ended June 30, was for revenue of $1.300
billion.
    * ​LSEG's mean analyst estimate for Sealed Air Corp is for
earnings of 64 cents per share. The company's EPS guidance on
May 2 2024, for the period ended June 30, was between $0.60 and
$0.70 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 8
"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 $34.82. ​​​

The company's guidance on May 2 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of of USD260 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  
 Mar. 31 2024  0.53        0.54       0.78      Beat    45.3
 Dec. 31 2024  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.        0.77        0.77       0.74      Missed  -4.2
 31 2023                                                
 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. 30 2022  0.96        0.97       1.01      Beat    3.8
 This summary was machine generated August 6 at 14:36 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)