Sonoco Products Co expected to post earnings of $1.24 a share - Earnings Preview

Sonoco Products

29/07/2024 22:07

* Sonoco Products Co  SON.N   SON  is expected to show a
fall in
quarterly revenue when it reports  results on July 31 for the
period ending June 30 2024
    * The Hartsville South Carolina-based  company is expected
to
report a 1.0% decrease in revenue to $1.689 billion from $1.71
billion a year ago, according to the mean estimate from 6
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Sonoco Products Co is
for
earnings of $1.24 per share. The company's EPS guidance on April
30 2024, for the period ended June 30, was between $1.25 and
$1.35 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"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 $60.50​, above​ its last closing price of $52.48. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.06        1.05       1.12      Beat    6.8
 Dec. 31 2024  1.07        1.04       1.02      Missed  -2
 Sep. 30 2023  1.21        1.23       1.46      Beat    18.4​
 Jun. 30 2023  1.47        1.48       1.38      Missed  -6.6
 ​​Jan.        1.32        1.32       1.40      Beat    6.1
 1 0001                                                 
 Dec. 31 2022  1.23        1.21       1.27      Beat    4.7​
 Sep. 30 2022  1.42        1.37       1.60      Beat    17
 Jun. 30 2022  1.67        1.60       1.76      Beat    10
 This summary was machine generated July 29 at 21:07 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)