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

Sonoco Products

01/08/2023 24:26

* Sonoco Products Co  SON.N  reported quarterly adjusted
earnings
of $1.38​​ per share for the quarter ended in June. The mean
expectation of eight analysts for the quarter was for earnings
of $1.48 per share.
    * Revenue fell 10.9% to $1.71 billion from a year ago;
analysts
expected $1.86 billion. 
    * Sonoco Products Co's reported EPS for the quarter was
$1.16​.
    * The mean earnings estimate of analysts had fallen by
about 3.3%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Sonoco Products Co shares had fallen by 0.3% this
quarter and
lost 3.0% so far this year.
    * The company reported quarterly net income of $114.65
million.
    * Wall Street's median 12-month price target for Sonoco
Products
Co is $65.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
31 at 11:26 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.48           1.38           Missed
 Mar. 31 2023      1.32           1.40           Beat
 Dec. 31 2022      1.21           1.27           Beat
 Sep. 30 2022      1.37           1.60           Beat