Manufacturer of consumer and industrial packaging products, Sonoco Products Co. (SON - Free Report) is scheduled to report second-quarter 2017 results on Jul 20, before the opening bell. In the last reported quarter, Sonoco’s both top-line and bottom-line have dipped on a year-over-year basis. While earnings beat the Zacks Consensus Estimate, revenues came in line. Let’s see how things are shaping up prior to this announcement.
Our proven model does not conclusively show that Sonoco is likely to beat on earnings this quarter. That is because a stock needs to have both a positive Earnings ESP as well as a Zacks Rank #1 (Strong Buy), 2 (Buy) or at least 3 (Hold) for this to happen. However, this is not the case here as elaborated below.
Zacks ESP: Sonoco has an Earnings ESP of 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 71 cents per share. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Sonoco carries a Zacks Rank #3, which increases the predictive power of ESP. However, a 0.00% Earnings ESP makes the surprise prediction difficult.
Importantly, the Sell-rated stocks (Zacks Rank #4 or 5) should never be considered going into an earnings announcement.
Sonoco Products Company Price and EPS Surprise