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

Sealed Air

08/08/2023 14:32

* Sealed Air Corp  SEE.N  reported quarterly adjusted
earnings of
80 cents​​ per share for the quarter ended in June. The mean
expectation of fifteen analysts for the quarter was for earnings
of 67 cents per share.
    * Revenue fell 2.6% to $1.38 billion from a year ago;
analysts
expected $1.41 billion. 
    * Sealed Air Corp's reported EPS for the quarter was 65
cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.3%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates 
    * Sealed Air Corp shares had risen by 10.2% this quarter and
lost 11.6% so far this year.
    * The company reported quarterly net income of $99.1
million.
    * Wall Street's median 12-month price target for Sealed Air
Corp
is $49.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.67           0.80           Beat
 Mar. 31 2023      0.77           0.74           Missed
 Dec. 31 2022      0.98           0.99           Beat
 Sep. 30 2022      0.90           0.98           Beat