Sealed Air Corporation (SEE - Free Report) is a major specialty packaging service provider catering to a diverse set of end markets. The company operates in the United States as well as globally with packaging and performance-based materials and equipment systems serving food, medical, and an array of industrial and consumer.
Sealed Air expects stronger performance in the second half to be supported by enhanced demand for core product portfolio, recently-introduced innovations, accelerated growth in the global protein market and e-Commerce sector. However, political unrest in the Middle East and weak resin prices remain headwinds. In addition, increased R&D, sales and marketing expenses will affect margins in the near term. Nevertheless going forward, acquisitions, savings from restructuring and further share repurchases will aid growth. Recently, Sealed Air announced a plan to pursue the tax-free spin-off of its Diversey Care division and the food hygiene and cleaning business within its Food Care division
Investors have been thus eagerly waiting for the third quarter earnings release of this Elmwood Park, N.J. based packaging company. Let’s have a quick look at its earnings results.
Estimate Trend & Surprise History: Investors should note that the earnings estimate for Sealed Air for the third quarter depicted a neutral stance prior to the third quarter earnings release. There was no movement in estimates over the past month and the Zacks Consensus Estimate is currently pegged at 70 cents.
As regards earnings surprise, Sealed Air has an impressive track record. The company has outpaced the Zacks Consensus Estimate in all the past four quarters, with an average beat of 20.14%.
SEALED AIR CORP Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Sealed Air Corporation (SEE - Free Report) is a major specialty packaging service provider catering to a diverse set of end markets. The company operates in the United States as well as globally with packaging and performance-based materials and equipment systems serving food, medical, and an array of industrial and consumer.
Sealed Air expects stronger performance in the second half to be supported by enhanced demand for core product portfolio, recently-introduced innovations, accelerated growth in the global protein market and e-Commerce sector. However, political unrest in the Middle East and weak resin prices remain headwinds. In addition, increased R&D, sales and marketing expenses will affect margins in the near term. Nevertheless going forward, acquisitions, savings from restructuring and further share repurchases will aid growth. Recently, Sealed Air announced a plan to pursue the tax-free spin-off of its Diversey Care division and the food hygiene and cleaning business within its Food Care division
Investors have been thus eagerly waiting for the third quarter earnings release of this Elmwood Park, N.J. based packaging company. Let’s have a quick look at its earnings results.
Estimate Trend & Surprise History: Investors should note that the earnings estimate for Sealed Air for the third quarter depicted a neutral stance prior to the third quarter earnings release. There was no movement in estimates over the past month and the Zacks Consensus Estimate is currently pegged at 70 cents.
As regards earnings surprise, Sealed Air has an impressive track record. The company has outpaced the Zacks Consensus Estimate in all the past four quarters, with an average beat of 20.14%.
SEALED AIR CORP Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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