Earnings Preview: Sonoco Prods
Portfolio Pulse from Benzinga Insights
Sonoco Prods (NYSE:SON) is set to release its quarterly earnings report on October 31, 2023. Analysts estimate an EPS of $1.23. The company's last quarter saw a miss in EPS by $0.12, followed by a 1.82% increase in share price. The stock is currently trading at $50.63, down 12.25% over the last 52-week period.
October 30, 2023 | 6:00 pm
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Sonoco Prods is expected to report an EPS of $1.23 in its upcoming earnings. Despite missing EPS estimates last quarter, the stock price increased by 1.82%. However, the stock is down 12.25% over the last 52 weeks.
Sonoco Prods' upcoming earnings report is highly relevant to its stock price. The company's last earnings miss led to a share price increase, indicating that investors may have different expectations. However, the stock's overall downward trend over the past year suggests a bearish sentiment among long-term shareholders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100