Integrated packaging solutions provider Sealed Air Corporation (NYSE:SEE) will be announcing earnings results this Monday before market hours. Here’s what to look for.
Sealed Air beat analysts’ revenue expectations last quarter, reporting revenues of $1.35 billion, flat year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates and a beat of analysts’ EPS estimates.
Is Sealed Air a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Sealed Air’s revenue to decline 1.7% year on year, a deceleration from its flat revenue in the same quarter last year.
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 a history of exceeding Wall Street’s expectations.
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. Ball delivered year-on-year revenue growth of 16.2%, beating analysts’ expectations by 7.3%, and Silgan Holdings reported revenues up 4.1%, topping estimates by 0.6%. Ball traded up 14.3% following the results while Silgan Holdings was also up 11.7%.
Read our full analysis of Ball’s results here and Silgan Holdings’s results here.
There has been positive sentiment among investors in the industrial packaging segment, with share prices up 5.4% on average over the last month. Sealed Air’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $45.36 (compared to the current share price of $41.87).
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