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Sealed Air (SEE) Surpasses Earnings Estimates in Q1
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Sealed Air Corporation (SEE - Free Report) , which provides food safety and security, and product protection solutions globally, reported first-quarter 2019 results, wherein adjusted earnings of 59 cents surpassed the Zacks Consensus Estimate of 57 cents.
Revenue: Sealed Air posted revenues of $1,113 million, which fell short of the Zacks Consensus Estimate of $1,131 million.
Guidance: Sealed Air projects adjusted earnings per at $2.65-$2.75 in fiscal 2019. Net sales growth is projected to be approximately 2% on reported basis and 5% in constant dollars. Adjusted EBITDA from continuing operations is expected to be $925-$945 million. Currency is expected to have an unfavorable impact of approximately $130 million on net sales and $25 million on adjusted EBITDA.
Earnings Estimates Revision: The Zacks Consensus Estimate for the first quarter of 2019 has remained stable 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 6.49%.
Market Reaction: Sealed Air’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Sealed Air earnings report!
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.
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Sealed Air (SEE) Surpasses Earnings Estimates in Q1
Sealed Air Corporation (SEE - Free Report) , which provides food safety and security, and product protection solutions globally, reported first-quarter 2019 results, wherein adjusted earnings of 59 cents surpassed the Zacks Consensus Estimate of 57 cents.
Revenue: Sealed Air posted revenues of $1,113 million, which fell short of the Zacks Consensus Estimate of $1,131 million.
Guidance: Sealed Air projects adjusted earnings per at $2.65-$2.75 in fiscal 2019. Net sales growth is projected to be approximately 2% on reported basis and 5% in constant dollars. Adjusted EBITDA from continuing operations is expected to be $925-$945 million. Currency is expected to have an unfavorable impact of approximately $130 million on net sales and $25 million on adjusted EBITDA.
Earnings Estimates Revision: The Zacks Consensus Estimate for the first quarter of 2019 has remained stable 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 6.49%.
Sealed Air Corporation Price and EPS Surprise
Sealed Air Corporation price-eps-surprise | Sealed Air Corporation Quote
Zacks Rank: Currently, Sealed Air carries a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Market Reaction: Sealed Air’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Sealed Air earnings report!
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.
See 7 breakthrough stocks now>>