Sonoco Products: Q2 Earnings Insights

Sonoco Products: Q2 Earnings Insights

 

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.

Posted In: BZI-RecapsEarningsNews