U.S. markets open in 5 hours 49 minutes

  • S&P Futures

    4,377.00
    +16.00 (+0.37%)
     

  • Dow Futures

    34,338.00
    +106.00 (+0.31%)
     

  • Nasdaq Futures

    14,935.00
    +65.50 (+0.44%)
     

  • Russell 2000 Futures

    1,800.40
    +7.70 (+0.43%)
     

  • Crude Oil

    90.50
    +0.47 (+0.52%)
     

  • Gold

    1,943.90
    -1.70 (-0.09%)
     

  • Silver

    23.86
    +0.02 (+0.09%)
     

  • EUR/USD

    1.0642
    -0.0006 (-0.05%)
     

  • 10-Yr Bond

    4.4380
    0.0000 (0.00%)
     

  • Vix

    17.17
    -0.03 (-0.17%)
     

  • GBP/USD

    1.2242
    +0.0001 (+0.01%)
     

  • USD/JPY

    148.3970
    +0.0370 (+0.02%)
     

  • Bitcoin USD

    26,109.11
    -451.27 (-1.70%)
     

  • CMC Crypto 200

    558.41
    -9.64 (-1.70%)
     

  • FTSE 100

    7,670.07
    -13.84 (-0.18%)
     

  • Nikkei 225

    32,678.62
    +276.21 (+0.85%)
     

Reynolds Consumer Products (REYN) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Zacks Equity Research
·2 min read

Reynolds Consumer Products (REYN) reported $852 million in revenue for the quarter ended March 2023, representing a year-over-year increase of 4.2%. EPS of $0.08 for the same period compares to $0.26 a year ago.

The reported revenue represents a surprise of +0.67% over the Zacks Consensus Estimate of $846.36 million. With the consensus EPS estimate being $0.08, the company has not delivered EPS surprise.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

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: -$10 million versus -$1.23 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +400% change.

  • Net Revenues- Reynolds Cooking & Baking: $283 million compared to the $252.83 million average estimate based on three analysts. The reported number represents a change of +5.6% year over year.

  • Net Revenues- Presto Products: $144 million versus $144.27 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +2.1% change.

  • Net Revenues- Hefty Tableware: $224 million versus the three-analyst average estimate of $224.70 million. The reported number represents a year-over-year change of +6.7%.

  • Net Revenues- Hefty Waste & Storage: $233 million versus $227.23 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +2.2% change.

View all Key Company Metrics for Reynolds Consumer Products here>>>

Shares of Reynolds Consumer Products have returned -0.8% over the past month versus the Zacks S&P 500 composite's +0.4% 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.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Reynolds Consumer Products Inc. (REYN) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research