Sonoco (SON) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended September 2023, Sonoco (SON) reported revenue of $1.71 billion, down 9.5% over the same period last year. EPS came in at $1.46, compared to $1.60 in the year-ago quarter.
The reported revenue represents a surprise of -1.40% over the Zacks Consensus Estimate of $1.73 billion. With the consensus EPS estimate being $1.26, the EPS surprise was +15.87%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Sonoco performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Consumer Packaging: $938.41 million compared to the $1.01 billion average estimate based on two analysts. The reported number represents a change of -9% year over year.
Net Sales- All Other: $191.98 million versus $190.05 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3% change.
Net Sales- Industrial Paper Packaging: $580.04 million versus $538.32 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -12.3% change.
Operating profit / (loss)- Consumer Packaging: $112.04 million compared to the $101.12 million average estimate based on two analysts.
Operating profit / (loss)- All Other: $25.50 million compared to the $21.95 million average estimate based on two analysts.
Operating profit / (loss)- Industrial Paper Packaging: $75.01 million versus $72.83 million estimated by two analysts on average.
View all Key Company Metrics for Sonoco here>>>
Shares of Sonoco have returned -4.7% over the past month versus the Zacks S&P 500 composite's -2.8% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Sonoco Products Company (SON) : Free Stock Analysis Report
