Sonoco Products Co expected to post earnings of $1.23 a share - Earnings Preview

Sonoco Products

28/10/2023 03:04

* Sonoco Products Co  SON.N   SON  is expected to show a
fall in
quarterly revenue when it reports  results on October 31. 
    * The Hartsville South Carolina-based  company is expected
to
report  a 7.9% decrease in revenue to $1.741 billion from $1.89
billion a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Sonoco Products Co
is for
earnings of $1.23 per share. The company's EPS guidance on July
31 2023, for the period ended September 30, was between $1.25
and $1.35 
    * 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 $64​, above​ its last closing price of $50.63. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  1.42        1.37       1.60      Beat    17
 ​​Jun.        1.67        1.60       1.76      Beat    10
 30 2022                                                
 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. 30 2021  0.88        0.89       0.91      Beat    1.8
 This summary was machine generated October 28 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated