Sonoco Prods Sees Q2 2024 Adj. EPS $1.25-$1.35 Vs $1.30 Est.
Portfolio Pulse from Benzinga Newsdesk
Sonoco Products Company (SON) projects its Q2 2024 adjusted earnings per share (EPS) to be in the range of $1.25 to $1.35, compared to the estimated $1.30.

April 30, 2024 | 9:17 pm
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Sonoco Products Company anticipates its Q2 2024 adjusted EPS to be between $1.25 and $1.35, which is around the analyst estimate of $1.30.
The projected EPS range provided by Sonoco Products is closely aligned with the analyst estimates, indicating a neutral impact on the stock price in the short term. The guidance suggests that the company's performance is in line with market expectations, which typically does not lead to significant stock price movements unless the actual results significantly deviate from these projections.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100