Winpak Ltd reports results for the quarter ended in December - Earnings Summary

Winpak

28/02/2024 20:51

* Winpak Ltd  WPK.TO  reported quarterly adjusted earnings
of 54
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 48
cents.  The mean expectation of three analysts for the quarter
was for earnings of 56 cents per share. Wall Street expected
results to range from 54 cents to 57 cents per share.
    * Revenue fell 5.7% to $275.64 million from a year ago;
analysts
expected $283.27 million. 
    * Winpak Ltd's reported EPS for the quarter was 54 cents​.
    * The company reported quarterly net income of $34.85
million.
    * Winpak Ltd shares had risen by 5.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
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 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the non-paper
containers & packaging peer group is also "buy"

Wall Street's median 12-month price target for Winpak Ltd is
C$46.00 
This summary was machine generated from LSEG data February 28 at
08:50 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 2023      0.56           0.54           Missed
 Sep. 30 2023      0.55           0.52           Missed
 Jun. 30 2023      0.57           0.62           Beat
 Mar. 31 2023      0.52           0.60           Beat