Sonoco Prods Q2 Adj EPS $1.38 Misses $1.50 Estimate, Sales $1.71B Miss $1.83B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sonoco Prods (NYSE:SON) reported Q2 adjusted earnings of $1.38 per share, missing the analyst consensus estimate of $1.50 by 8 percent. This is a 21.59 percent decrease from the same period last year. The company also reported quarterly sales of $1.71 billion, missing the analyst consensus estimate of $1.83 billion by 6.98 percent, a 10.87 percent decrease from the same period last year.
July 31, 2023 | 10:03 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Sonoco Prods' Q2 earnings and sales missed estimates, with a significant decrease from the same period last year. This could negatively impact the company's stock price in the short term.
Sonoco Prods' Q2 earnings and sales fell short of analyst estimates, and also decreased significantly from the same period last year. This underperformance could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100