Sealed Air Corporation (SEE Quick QuoteSEE - Free Report) , a global leader in food safety and security, facility hygiene and product protection, reported third-quarter 2018 results, wherein adjusted earnings of 61 cents surpassed the Zacks Consensus Estimate of 60 cents.

 

Revenue: Sealed Air posted revenues of $1,1865 million, beating the Zacks Consensus Estimate of $1,184 million.

 

Guidance: For 2018, Sealed Air projects net sales of roughly $4.7 billion for 2018, at a constant dollar growth rate of approximately 6%. Adjusted EBITDA from continuing operations is expected in the range of $870-$880 million, a constant dollar growth rate of approximately 6% compared to the prior year. Adjusted earnings per share are projected at $2.40-$2.45.

 

Earnings Estimates Revision: The Zacks Consensus Estimate for the third quarter has gone down 8% over the past 30 days. In the trailing four quarters, excluding quarter under review, the company’s earnings have topped the Zacks Consensus Estimate by an average of nearly 3.5%.

Check back later for our full write up on Sealed Air earnings report!

 

 

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.