Sonoco Products Co expected to post earnings of $1.04 a share - Earnings Preview

Sonoco Products

12/02/2024 22:12

* Sonoco Products Co  SON.N   SON  is expected to show a
fall in
quarterly revenue when it reports  results on February 14 for
the period ending December 31 2023
    * The Hartsville South Carolina-based  company is expected
to
report a 4.0% decrease in revenue to $1.609 billion from $1.68
billion a year ago, according to the mean estimate from 5
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Sonoco Products Co is
for
earnings of $1.04 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Sonoco
Products
Co is $65.00​, above​ its last closing price of $57.10. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.21        1.23       1.46      Beat    18.4
 Jun. 30 2023  1.47        1.48       1.38      Missed  -6.6
 Mar. 31 2023  1.32        1.32       1.40      Beat    6.1​
 Dec. 31 2022  1.23        1.21       1.27      Beat    4.7
 ​​Sep.        1.42        1.37       1.60      Beat    17
 30 2022                                                
 Jun. 30 2022  1.67        1.60       1.76      Beat    10​
 Mar. 31 2022  1.70        1.72       1.85      Beat    7.5
 Dec. 31 2021  0.89        0.89       0.90      Beat    1.3
 This summary was machine generated February 12 at 22:12 GMT. 
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)