Sonoco Prods Sees Q4 Adj. EPS $1.15-$1.35 Vs $1.20 Est.
Portfolio Pulse from Benzinga Newsdesk
Sonoco Products Company has announced its expected Q4 adjusted EPS to be between $1.15 and $1.35, compared to the estimated $1.20.
October 31, 2024 | 8:12 pm
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Sonoco Products Company has provided guidance for its Q4 adjusted EPS to range from $1.15 to $1.35, which is above the market estimate of $1.20. This suggests a positive outlook for the company's financial performance.
The guidance provided by Sonoco Products for its Q4 adjusted EPS is higher than the market estimate, indicating potential better-than-expected financial performance. This is likely to positively impact the stock price in the short term as investors react to the optimistic earnings outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100