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

Sealed Air

02/11/2023 14:48

* Sealed Air Corp  SEE.N  reported quarterly adjusted
earnings of
77 cents​​ per share for the quarter ended in September, lower
than the same quarter last year, when the company reported EPS
of 98 cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 63 cents per share. Wall Street
expected results to range from 59 cents to 69 cents per share.
    * Revenue fell 1.3% to $1.38 billion from a year ago;
analysts
expected $1.37 billion. 
    * Sealed Air Corp's reported EPS for the quarter was 39
cents​.
    * The company reported quarterly net income of $56.6
million.
    * Sealed Air Corp shares had fallen by 7.4% this quarter and
lost 39.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 33%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 7
"hold" and 1 "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 $40.00 
This summary was machine generated from LSEG data November 2 at
02:47 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.63           0.77           Beat
 Jun. 30 2023      0.67           0.80           Beat
 Mar. 31 2023      0.77           0.74           Missed
 Dec. 31 2022      0.98           0.99           Beat