Sonoco Prods Q4 Adj EPS $1.02 Misses $1.04 Estimate, Sales $1.64B Beat $1.61B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sonoco Products Company (SON) reported Q4 adjusted earnings of $1.02 per share, missing the consensus estimate of $1.04, a 19.69% decrease from last year. Sales were $1.64 billion, exceeding the $1.61 billion estimate but marking a 2.39% decrease from the previous year.
February 14, 2024 | 10:31 pm
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Sonoco Products reported Q4 adjusted EPS of $1.02, missing estimates, with a 19.69% decrease YoY. Sales of $1.64B exceeded estimates but decreased 2.39% YoY.
The miss in earnings per share (EPS) expectations and the year-over-year decrease in both earnings and sales are likely to negatively impact investor sentiment towards SON in the short term. Although the sales beat estimates, the overall decrease from the previous year and the earnings miss are critical factors that could lead to a negative price movement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100