* Pactiv Evergreen Inc reported quarterly adjusted earnings of 36 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 32 cents. The mean expectation of six analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 27 cents to 44 cents per share.
* Revenue fell 3.3% to $1.33 billion from a year ago; analysts expected $1.37 billion.
* Pactiv Evergreen Inc's reported EPS for the quarter was a loss of $1.18.
* The company reported a quarterly loss of $213 million.
* Pactiv Evergreen Inc shares had risen by 4.3% this quarter and lost 12.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 1.4% in the last three months.
* In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the non-paper containers & packaging peer group is also "buy"
Wall Street's median 12-month price target for Pactiv Evergreen Inc is $14.00 This summary was machine generated from LSEG data November 12 at 01:38 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.36 0.36 Met
Jun. 30 2024 0.25 0.17 Missed
Mar. 31 2024 0.08 0.14 Beat
Dec. 31 2023 0.21 0.33 Beat
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