Sealed Air Corporation (NYSE:SEE) , a global leader in food safety and security, facility hygiene and product protection, reported fourth-quarter 2017 results, wherein adjusted earnings of 58 cents surpassed the Zacks Consensus Estimate of 57 cents.
Sealed Air Corporation (SEE): Free Stock Analysis Report
Original post
Zacks Investment Research
Revenue: Sealed Air posted revenues of $1.23 billion, beating the Zacks Consensus Estimate of $1.19 billion.
Guidance: For 2018, Sealed Air guides net sales of approximately $4.75 to $4.80 billion, a constant dollar growth rate of approximately 4.5%. Adjusted EBITDA from continuing operations is expected to be in the range of $890 million to $910 million. Adjusted earnings per share is projected to be in the range of $2.35 to $2.45.
Sealed Air Corporation Price and EPS Surprise
Sealed Air Corporation price-eps-surprise | Sealed Air Corporation Quote
Earnings Estimates Revision: The Zacks Consensus Estimate for fourth quarter has been stable over the past 30 days. In the trailing four quarters, excluding quarter under review, the company’s earnings have missed the Zacks Consensus Estimate by an average of nearly 2%.
Zacks Rank: Currently, Sealed Air carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction: Sealed Air’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Sealed Air earnings report!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Sealed Air Corporation (SEE): Free Stock Analysis Report
Original post
Zacks Investment Research