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

Sealed Air

08/08/2024 14:05

* Sealed Air Corp  SEE.N  reported quarterly adjusted
earnings of
83 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 80
cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of 64 cents per share. Wall Street
expected results to range from 60 cents to 66 cents per share.
    * Revenue fell 2.6% to $1.35 billion from a year ago;
analysts
expected $1.31 billion. 
    * Sealed Air Corp's reported EPS for the quarter was 67
cents​.
    * The company reported quarterly net income of $98.3
million.
    * Sealed Air Corp shares had fallen by 1.2% this quarter and
lost 5.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 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 $43.00 
This summary was machine generated from LSEG data August 8 at
01:05 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
 Jan. 1 0001       0.64           0.83           Beat
 Mar. 31 2024      0.54           0.78           Beat
 Dec. 31 2023      0.64           0.88           Beat
 Sep. 30 2023      0.63           0.77           Beat