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

Winpak

23/04/2024 13:00

* Winpak Ltd  WPK.TO  reported quarterly adjusted earnings
of 55
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 60
cents.  The mean expectation of two analysts for the quarter was
for earnings of 57 cents per share. 
    * Revenue fell 9.1% to $276.78 million from a year ago;
analysts
expected $290.15 million. 
    * Winpak Ltd's reported EPS for the quarter was 55 cents​.
    * The company reported quarterly net income of $35.52
million.
    * Winpak Ltd shares had fallen by 0.2% this quarter and
lost 1.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.4%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the non-paper
containers & packaging peer group is also "hold"

Wall Street's median 12-month price target for Winpak Ltd is
C$45.50 
This summary was machine generated from LSEG data April 23 at
12:00 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
 Mar. 31 2024      0.57           0.55           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