Pactiv Evergreen Q3 2023 Adj EPS $0.32 Beats $0.20 Estimate, Sales $1.38B Miss $1.39B Estimate
Portfolio Pulse from totan@benzinga.com
Pactiv Evergreen (NASDAQ:PTVE) reported Q3 2023 earnings of $0.32 per share, beating the analyst consensus estimate of $0.20 by 60%. However, this is a 67.35% decrease from the same period last year. The company's quarterly sales of $1.38 billion missed the analyst consensus estimate of $1.39 billion by 0.79%, marking a 14.29% decrease from the same period last year.
November 01, 2023 | 8:29 pm
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Pactiv Evergreen's Q3 2023 earnings beat estimates but are significantly lower than last year. Sales also missed estimates and are down from last year.
While Pactiv Evergreen beat earnings estimates, the significant YoY decrease in both earnings and sales could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100