Sealed Air Corporation reports results for the quarter ended in September 30 - Earnings Summary

Sealed Air

07/11/2024 20:44

* Sealed Air Corporation  SEE.N  reported quarterly adjusted
earnings of 79 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 77 cents.  The mean expectation of
fifteen analysts for the quarter was for earnings of 67 cents
per share. Wall Street expected results to range from 60 cents
to 72 cents per share.
    * Revenue fell 2.7% to $1.35 billion from a year ago;
analysts
expected $1.34 billion. 
    * Sealed Air Corporation's reported EPS for the quarter was
63
cents​.
    * The company reported quarterly net income of $91.7
million.
    * Sealed Air Corporation shares had risen by 2.2% this
quarter and
gained 1.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 8
"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
Corporation is 41.00 
This summary was machine generated from LSEG data November 7 at
08:43 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
 Sep. 30 2024      0.64           0.79           Beat
 Jun. 30 2024      0.64           0.83           Beat
 Mar. 31 2024      0.54           0.78           Beat
 Dec. 31 2023      0.64           0.88           Beat