Reynolds Consumer Products Sees Q3 Revenue To Decline 3% - 5%; EPS Of $0.34 - $0.38 Vs. $0.37 Est.
Portfolio Pulse from Benzinga Newsdesk
Reynolds Consumer Products has projected a decline in its Q3 revenue by 3% to 5%. The company also expects its earnings per share (EPS) to be between $0.34 and $0.38, compared to the estimated $0.37.
August 09, 2023 | 11:09 am
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Reynolds Consumer Products expects a decrease in Q3 revenue and a potential decrease in EPS. This could negatively impact the company's stock price.
Reynolds Consumer Products has projected a decrease in its Q3 revenue, which is a key indicator of a company's financial health. Additionally, the company's EPS, a measure of profitability, is also expected to potentially decrease. Both these factors could lead to a negative sentiment among investors, potentially driving the stock price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100