Sonoco Products Co expected to post earnings of $1.21 a share - Earnings Preview

Sonoco Products

06/02/2023 14:33

* Sonoco Products Co  SON.N   SON  is expected to show a
rise in
quarterly revenue when it reports  results on February 8. 
    * The Hartsville South Carolina-based  company is expected
to
report  a 23.3% increase in revenue to $1.775 billion from $1.44
billion a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Sonoco Products Co
is for
earnings of $1.21 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 8
"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 $65.5​, above​ its last closing price of $61.93. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  1.42        1.37       1.60      Beat    17
 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
 ​​Sep.        0.88        0.89       0.91      Beat    1.8
 30 2021                                                
 Jun. 30 2021  0.86        0.86       0.84      Missed  -2.3​
 Mar. 31 2021  0.85        0.85       0.90      Beat    5.7
 Dec. 31 2020  0.77        0.77       0.82      Beat    7.1
 This summary was machine generated February 6 at 14:32 GMT.  All
figures in US dollars  unless otherwise stated