Sealed Air Corp reports results for the quarter ended in December - Earnings Summary

Sealed Air

27/02/2024 14:31

* Sealed Air Corp  SEE.N  reported quarterly adjusted
earnings of
88 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 99 cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 64 cents per share. Wall Street
expected results to range from 58 cents to 74 cents per share.
    * Revenue fell 2% to $1.38 billion from a year ago; analysts
expected $1.37 billion. 
    * Sealed Air Corp's reported EPS for the quarter was 86
cents​.
    * The company reported quarterly net income of $124.9
million.
    * Sealed Air Corp shares had fallen by 1.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the non-paper
containers & packaging peer group is also "buy"

Wall Street's median 12-month price target for Sealed Air Corp
is $42.00 
This summary was machine generated from LSEG data February 27 at
02:31 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
 Dec. 31 2023      0.64           0.88           Beat
 Sep. 30 2023      0.63           0.77           Beat
 Jun. 30 2023      0.67           0.80           Beat
 Mar. 31 2023      0.77           0.74           Missed