Earnings Outlook For Sonoco Prods
Portfolio Pulse from Benzinga Insights
Sonoco Prods (NYSE:SON) is scheduled to release its quarterly earnings report on February 14, 2024. Analysts predict an EPS of $1.04. The company's past earnings performance shows a history of beating EPS estimates, which has occasionally led to positive stock price movements the following day. Shares of Sonoco Prods were trading at $57.1 as of February 12, reflecting a 7.31% decrease over the last 52 weeks. Investors are keenly awaiting the report, especially for any positive guidance that could influence the stock's future direction.
February 13, 2024 | 3:01 pm
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Sonoco Prods is expected to report an EPS of $1.04 for the upcoming quarter. Historical data shows its ability to beat EPS estimates, potentially leading to positive stock price movements. Currently, shares are down 7.31% over the last year, indicating investor anticipation for the report.
Given SON's history of beating EPS estimates and the subsequent positive impact on its stock price, there's a reasonable expectation for a short-term positive movement, especially if the company provides favorable future guidance. However, the current year-to-date performance indicates a cautious market sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100