Reynolds Consumer Prods Q3 Adj EPS $0.37, Inline, Sales $935.00M Beat $932.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
Reynolds Consumer Prods (NASDAQ:REYN) reported Q3 adjusted earnings of $0.37 per share, in line with analyst consensus. This is a 54.17% increase from the same period last year. The company's quarterly sales of $935.00 million beat the analyst consensus estimate of $932.44 million by 0.27%, but it's a 3.31% decrease from the same period last year.
November 08, 2023 | 12:04 pm
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NEUTRAL IMPACT
Reynolds Consumer Prods reported Q3 earnings in line with estimates and sales beat estimates but decreased YoY.
Reynolds' Q3 earnings were in line with estimates, which is a neutral signal for the stock. However, the company's sales beat estimates, which is a positive signal. But the YoY decrease in sales could be a negative signal. These mixed signals could result in a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100