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’s top line will be supported by enhanced demand for its core product portfolio, recently-introduced innovations, and accelerated growth in the global protein market along with the eCommerce sector. However, unfavorable foreign currency is expected to continue to impact its results. Nevertheless, the fourth quarter is expected to be the strongest quarter of the year with organic sales growth of approximately 3%. Growth in the quarter will be primarily driven by accelerated volume in both Food Care and Product Care.
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 fourth quarter depicted a neutral stance prior to the fourth quarter earnings release. There was no movement in estimates over the past month and the Zacks Consensus Estimate is currently pegged at 75 cents.
Sealed Air Corporation 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’s top line will be supported by enhanced demand for its core product portfolio, recently-introduced innovations, and accelerated growth in the global protein market along with the eCommerce sector. However, unfavorable foreign currency is expected to continue to impact its results. Nevertheless, the fourth quarter is expected to be the strongest quarter of the year with organic sales growth of approximately 3%. Growth in the quarter will be primarily driven by accelerated volume in both Food Care and Product Care.
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 fourth quarter depicted a neutral stance prior to the fourth quarter earnings release. There was no movement in estimates over the past month and the Zacks Consensus Estimate is currently pegged at 75 cents.
Sealed Air Corporation 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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