* Sonoco Products Co 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
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