Silgan Holdings Inc reports results for the quarter ended in December - Earnings Summary

Silgan Holdings

31/01/2024 14:31

* Silgan Holdings Inc  SLGN.N  reported quarterly adjusted
earnings of 63 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 84 cents.  The mean expectation of
eleven analysts for the quarter was for earnings of 58 cents per
share. Wall Street expected results to range from 54 cents to 63
cents per share.
    * Revenue fell 7.9% to $1.34 billion from a year ago;
analysts
expected $1.39 billion. 
    * Silgan Holdings Inc's reported EPS for the quarter was 60
cents​.
    * The company reported quarterly net income of $64.4
million.
    * Silgan Holdings Inc shares had fallen by 3.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 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," 1
"hold" and 2 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Silgan
Holdings
Inc is $50.50 

This summary was machine generated from LSEG data January 31 at
02:30 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      0.58           0.63           Beat
 Sep. 30 2023      1.12           1.16           Beat
 Jun. 30 2023      0.89           0.83           Missed
 Mar. 31 2023      0.77           0.78           Beat