Sonoco Products Co reports results for the quarter ended in September 30 - Earnings Summary

Sonoco Products

01/11/2024 03:11

* Sonoco Products Co  SON.N  reported quarterly adjusted
earnings
of $1.49​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $1.46.  The mean expectation of seven analysts for the
quarter was for earnings of $1.45 per share. Wall Street
expected results to range from $1.36  to $1.49 per share.
    * Revenue fell 2% to $1.68 billion from a year ago; analysts
expected $1.72 billion. 
    * Sonoco Products Co's reported EPS for the quarter was 51
cents​.
    * The company reported quarterly net income of $50.92
million.
    * Sonoco Products Co shares had fallen by 4.0% this
quarter and
lost 6.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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 62.50 
This summary was machine generated from LSEG data November 1 at
03:10 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
 Sep. 30 2024      1.45           1.49           Beat
 Jun. 30 2024      1.24           1.28           Beat
 Mar. 31 2024      1.05           1.12           Beat
 Dec. 31 2023      1.04           1.02           Missed