Earnings Preview For Pactiv Evergreen
Portfolio Pulse from Benzinga Insights
Pactiv Evergreen (NASDAQ:PTVE) is scheduled to release its quarterly earnings report on Thursday, 2024-02-29, with analysts expecting an EPS of $0.21. The company's historical performance shows a pattern of beating EPS estimates, leading to significant share price movements. Last quarter, PTVE beat the EPS estimate by $0.12, resulting in a 20.63% share price increase the following day. Over the last year, PTVE shares have risen by 28.94%, indicating a positive outlook among long-term shareholders.
February 28, 2024 | 7:01 pm
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POSITIVE IMPACT
Pactiv Evergreen is expected to report an EPS of $0.21 for the upcoming quarter. Historical data shows positive share price movements following earnings beats. Shares have increased by 28.94% over the last year, indicating a bullish sentiment among investors.
Given Pactiv Evergreen's history of exceeding EPS estimates and the subsequent positive impact on its share price, it is likely that a similar outcome could occur if the company beats the EPS estimate again. The historical data suggests that PTVE's stock price responds positively to earnings beats, and with the company's shares already up 28.94% over the past year, investor sentiment appears bullish. The anticipation of positive guidance could further bolster this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100