Sonoco Products Co reports results for the quarter ended December 31 - Earnings Summary

Sonoco Products

18/02/2025 22:56

* Sonoco Products Co  SON.N  reported quarterly adjusted
earnings
of $1.00​​ per share for the quarter ended December 31, lower
than the same quarter last year, when the company reported EPS
of $1.02.  The mean expectation of eight analysts for the
quarter was for earnings of $1.20 per share. Wall Street
expected results to range from $1.11  to $1.29 per share.
    * Revenue fell 16.7% to $1.36 billion from a year ago;
analysts
expected $1.67 billion. 
    * Sonoco Products Co's reported EPS for the quarter was a
loss
of 44 cents​.
    * The company reported a quarterly loss of $42.96 million.
    * Sonoco Products Co shares had fallen by 2.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the paper
packaging
peer group is also "buy"

Wall Street's median 12-month price target for Sonoco Products
Co is $58.00 
This summary was machine generated from LSEG data February 18 at
10:56 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
 Dec. 31 2024      1.20           1.00           Missed
 Sep. 30 2024      1.45           1.49           Beat
 Jun. 30 2024      1.24           1.28           Beat
 Mar. 31 2024      1.05           1.12           Beat