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

Sonoco Products

08/02/2023 23:47

* Sonoco Products Co  SON.N  reported quarterly adjusted
earnings
of $1.27​​ per share for the quarter ended in December. The mean
expectation of eight analysts for the quarter was for earnings
of $1.21 per share.
    * Revenue rose 16.5% to $1.68 billion from a year ago;
analysts
expected $1.77 billion. 
    * Sonoco Products Co's reported EPS for the quarter was 98
cents​.
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Sonoco Products Co shares had fallen by 0.6% this quarter.
    * The company reported quarterly net income of $97.2
million.
    * Wall Street's median 12-month price target for Sonoco
Products
Co is $65.50 
    * 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." 

This summary was machine generated from Refinitiv data February
8 at 11:47 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      1.21           1.27           Beat
 Sep. 30 2022      1.37           1.60           Beat
 Jun. 30 2022      1.60           1.76           Beat
 Mar. 31 2022      1.72           1.85           Beat