Analysts on Wall Street project that Sonoco (SON - Free Report) will announce quarterly earnings of $1.07 per share in its forthcoming report, representing a decline of 15.8% year over year. Revenues are projected to reach $1.59 billion, declining 5.2% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Sonoco metrics that Wall Street analysts commonly model and monitor.
Analysts' assessment points toward 'Net Sales- Consumer Packaging' reaching $953.63 million. The estimate suggests a change of +8.5% year over year.
The consensus estimate for 'Net Sales- All Other' stands at $195.89 million. The estimate points to a change of -2.1% from the year-ago quarter.
The combined assessment of analysts suggests that 'Net Sales- Industrial Paper Packaging' will likely reach $530.77 million. The estimate indicates a year-over-year change of -11%.
The consensus among analysts is that 'Operating profit / (loss)- Consumer Packaging' will reach $93.67 million. Compared to the present estimate, the company reported $85.14 million in the same quarter last year.
The average prediction of analysts places 'Operating profit / (loss)- All Other' at $21.49 million. Compared to the current estimate, the company reported $19.55 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Operating profit / (loss)- Industrial Paper Packaging' should come in at $66.90 million. Compared to the current estimate, the company reported $79.14 million in the same quarter of the previous year.
View all Key Company Metrics for Sonoco here>>>
Shares of Sonoco have demonstrated returns of -0.1% over the past month compared to the Zacks S&P 500 composite's +5.8% change. With a Zacks Rank #3 (Hold), SON is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Analysts on Wall Street project that Sonoco (SON - Free Report) will announce quarterly earnings of $1.07 per share in its forthcoming report, representing a decline of 15.8% year over year. Revenues are projected to reach $1.59 billion, declining 5.2% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Sonoco metrics that Wall Street analysts commonly model and monitor.
Analysts' assessment points toward 'Net Sales- Consumer Packaging' reaching $953.63 million. The estimate suggests a change of +8.5% year over year.
The consensus estimate for 'Net Sales- All Other' stands at $195.89 million. The estimate points to a change of -2.1% from the year-ago quarter.
The combined assessment of analysts suggests that 'Net Sales- Industrial Paper Packaging' will likely reach $530.77 million. The estimate indicates a year-over-year change of -11%.
The consensus among analysts is that 'Operating profit / (loss)- Consumer Packaging' will reach $93.67 million. Compared to the present estimate, the company reported $85.14 million in the same quarter last year.
The average prediction of analysts places 'Operating profit / (loss)- All Other' at $21.49 million. Compared to the current estimate, the company reported $19.55 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Operating profit / (loss)- Industrial Paper Packaging' should come in at $66.90 million. Compared to the current estimate, the company reported $79.14 million in the same quarter of the previous year.
View all Key Company Metrics for Sonoco here>>>
Shares of Sonoco have demonstrated returns of -0.1% over the past month compared to the Zacks S&P 500 composite's +5.8% change. With a Zacks Rank #3 (Hold), SON is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
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