We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Reynolds Consumer Products (REYN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
For the quarter ended June 2024, Reynolds Consumer Products (REYN - Free Report) reported revenue of $930 million, down 1.1% over the same period last year. EPS came in at $0.46, compared to $0.32 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $886.11 million, representing a surprise of +4.95%. The company delivered an EPS surprise of +4.55%, with the consensus EPS estimate being $0.44.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Reynolds Consumer Products performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Revenues- Unallocated
: -$7 million compared to the -$3.90 million average estimate based on three analysts. The reported number represents a change of +16.7% year over year.
Net Revenues- Reynolds Cooking & Baking
: $304 million versus $288.03 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -5.3% change.
Net Revenues- Presto Products
: $150 million versus $142.03 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.5% change.
Net Revenues- Hefty Tableware
: $245 million versus the three-analyst average estimate of $232.51 million. The reported number represents a year-over-year change of -2.4%.
Net Revenues- Hefty Waste & Storage
: $238 million versus $227.47 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.9% change.
Adjusted EBITDA- Unallocated
: -$29 million versus the two-analyst average estimate of -$14.10 million.
Adjusted EBITDA- Reynolds Cooking & Baking
: $56 million versus the two-analyst average estimate of $43.80 million.
Adjusted EBITDA- Presto Products
: $37 million versus $28.40 million estimated by two analysts on average.
Adjusted EBITDA- Hefty Tableware
: $39 million versus $41.95 million estimated by two analysts on average.
Adjusted EBITDA- Hefty Waste & Storage
: $69 million compared to the $63.95 million average estimate based on two analysts.
Shares of Reynolds Consumer Products have returned +7.5% over the past month versus the Zacks S&P 500 composite's -5.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Reynolds Consumer Products (REYN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2024, Reynolds Consumer Products (REYN - Free Report) reported revenue of $930 million, down 1.1% over the same period last year. EPS came in at $0.46, compared to $0.32 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $886.11 million, representing a surprise of +4.95%. The company delivered an EPS surprise of +4.55%, with the consensus EPS estimate being $0.44.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Reynolds Consumer Products performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Reynolds Consumer Products here>>>Net Revenues- Unallocated
: -$7 million compared to the -$3.90 million average estimate based on three analysts. The reported number represents a change of +16.7% year over year.Net Revenues- Reynolds Cooking & Baking
: $304 million versus $288.03 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -5.3% change.Net Revenues- Presto Products
: $150 million versus $142.03 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.5% change.Net Revenues- Hefty Tableware
: $245 million versus the three-analyst average estimate of $232.51 million. The reported number represents a year-over-year change of -2.4%.Net Revenues- Hefty Waste & Storage
: $238 million versus $227.47 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.9% change.Adjusted EBITDA- Unallocated
: -$29 million versus the two-analyst average estimate of -$14.10 million.Adjusted EBITDA- Reynolds Cooking & Baking
: $56 million versus the two-analyst average estimate of $43.80 million.Adjusted EBITDA- Presto Products
: $37 million versus $28.40 million estimated by two analysts on average.Adjusted EBITDA- Hefty Tableware
: $39 million versus $41.95 million estimated by two analysts on average.Adjusted EBITDA- Hefty Waste & Storage
: $69 million compared to the $63.95 million average estimate based on two analysts.Shares of Reynolds Consumer Products have returned +7.5% over the past month versus the Zacks S&P 500 composite's -5.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.