Sonoco Products SON reported its Q2 earnings results on Thursday, July 21, 2022 at 06:45 AM.
Here's what investors need to know about the announcement.
Earnings
Sonoco Products beat estimated earnings by 4.76%, reporting an EPS of $1.76 versus an estimate of $1.68.
Revenue was up $530.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.13 which was followed by a 5.72% drop in the share price the next day.
Here's a look at Sonoco Products's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 1.72 | 0.89 | 0.90 | 0.86 |
EPS Actual | 1.85 | 0.90 | 0.91 | 0.84 |
Revenue Estimate | 1.74B | 1.41B | 1.38B | 1.30B |
Revenue Actual | 1.77B | 1.44B | 1.42B | 1.38B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Sonoco Products management provided guidance for FY 2022, expecting earnings between $6.2 and $6.3 per share.
To track all earnings releases for Sonoco Products visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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