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

Silgan Holdings

01/05/2024 16:41

* Silgan Holdings Inc  SLGN.N  reported quarterly adjusted
earnings of 69 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 78 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 65 cents per share. Wall Street
expected results to range from 56 cents to 70 cents per share.
    * Revenue fell 7.1% to $1.32 billion from a year ago;
analysts
expected $1.37 billion. 
    * Silgan Holdings Inc's reported EPS for the quarter was 52
cents​.
    * The company reported quarterly net income of $55.2
million.
    * Silgan Holdings Inc shares had fallen by 3.9% this
quarter and
gained 3.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.8%
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." 
    * The average consensus recommendation for the non-paper
containers & packaging peer group is also "buy"

Wall Street's median 12-month price target for Silgan Holdings
Inc is $54.00 
This summary was machine generated from LSEG data May 1 at 03:40
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
 Mar. 31 2024      0.65           0.69           Beat
 Dec. 31 2023      0.58           0.63           Beat
 Sep. 30 2023      1.12           1.16           Beat
 Jun. 30 2023      0.89           0.83           Missed