Sonoco Prods Earnings Preview
Portfolio Pulse from Benzinga Insights
Sonoco Prods (NYSE:SON) is set to release its latest quarterly earnings report on Monday, 2023-07-31. Analysts estimate an EPS of $1.50. Last quarter, the company beat EPS by $0.08, followed by a 4.06% drop in the share price. Shares were trading at $58.53 as of July 27, with a 52-week period decline of 8.09%.
July 28, 2023 | 5:02 pm
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NEGATIVE IMPACT
Sonoco Prods is expected to report an EPS of $1.50 in its upcoming earnings. Last quarter's EPS beat was followed by a 4.06% drop in share price. The stock has declined 8.09% over the last 52 weeks.
Sonoco Prods' upcoming earnings report is highly relevant to its stock price. The company's past performance shows that even when it beats EPS estimates, the stock price can drop, as it did last quarter. The overall negative return over the past 52 weeks suggests a bearish sentiment among long-term shareholders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100