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

Sonoco Products

15/02/2024 24:20

* Sonoco Products Co  SON.N  reported quarterly adjusted
earnings
of $1.02​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of $1.27.  The mean expectation of five analysts for the quarter
was for earnings of $1.04 per share. Wall Street expected
results to range from 85 cents to $1.12 per share.
    * Revenue fell 2.4% to $1.64 billion from a year ago;
analysts
expected $1.61 billion. 
    * Sonoco Products Co's reported EPS for the quarter was 82
cents​.
    * The company reported quarterly net income of $81.24
million.
    * Sonoco Products Co shares had fallen by 0.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 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 $65.00 
This summary was machine generated from LSEG data February 15 at
12:20 a.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 2023      1.04           1.02           Missed
 Sep. 30 2023      1.23           1.46           Beat
 Jun. 30 2023      1.48           1.38           Missed
 Mar. 31 2023      1.32           1.40           Beat