Pactiv Evergreen Q2 Adj $0.20 Misses $0.21 Estimate, Sales $1.43B Miss $1.53B Estimate
Portfolio Pulse from Benzinga Newsdesk
Pactiv Evergreen (NASDAQ:PTVE) reported Q2 earnings of $0.20 per share, missing the analyst consensus estimate of $0.21 by 4.76%. This is a 50% decrease from the same period last year. The company also reported quarterly sales of $1.43 billion, missing the analyst consensus estimate of $1.53 billion by 6.80%. This is a 13.05% decrease from the same period last year.
August 04, 2023 | 12:17 pm
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NEGATIVE IMPACT
Pactiv Evergreen's Q2 earnings and sales missed estimates, indicating a potential negative impact on the company's stock price.
Pactiv Evergreen's Q2 earnings and sales missed analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100