What To Expect From Sealed Air’s (SEE) Q4 Earnings

StockStory
24 Feb
What To Expect From Sealed Air’s (SEE) Q4 Earnings

Integrated packaging solutions provider Sealed Air Corporation (NYSE:SEE) will be reporting results tomorrow before market open. Here’s what you need to know.

Sealed Air met analysts’ revenue expectations last quarter, reporting revenues of $1.35 billion, down 2.7% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates and a solid beat of analysts’ EPS estimates.

Is Sealed Air a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Sealed Air’s revenue to decline 1.6% year on year to $1.36 billion, in line with the 2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.67 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Sealed Air has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Sealed Air’s peers in the industrial packaging segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Crown Holdings delivered year-on-year revenue growth of 1.6%, meeting analysts’ expectations, and Packaging Corporation of America reported revenues up 10.7%, topping estimates by 0.6%. Crown Holdings traded up 2.6% following the results while Packaging Corporation of America was down 9.8%.

Read our full analysis of Crown Holdings’s results here and Packaging Corporation of America’s results here.

Stocks generally had a good 2024. The Fed fought high inflation and won without sending the economy into a recession, otherwise lovingly known as a soft landing. The US Central Bank is now cutting rates. That, plus the election of Donald Trump in November 2024, sent markets even higher, and while some of the industrial packaging stocks have shown solid performance, the group has generally underperformed, with share prices down 5.8% on average over the last month. Sealed Air is down 7.7% during the same time and is heading into earnings with an average analyst price target of $41.08 (compared to the current share price of $32.92).

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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