Markets
SEE

Sealed Air (SEE) Tops Earnings and Sales Estimates in Q3

A generic image of a pen and a calculator
Credit: Shutterstock photo

Sealed Air CorporationSEE , a global leader in food safety and security, facility hygiene and product protection, reported third-quarter 2018 results, wherein adjusted earnings of 61 cents surpassed the Zacks Consensus Estimate of 60 cents.

Revenue : Sealed Air posted revenues of $1,1865 million, beating the Zacks Consensus Estimate of $1,184 million.

Guidance : For 2018, Sealed Air projects net sales of roughly $4.7 billion for 2018, at a constant dollar growth rate of approximately 6%. Adjusted EBITDA from continuing operations is expected in the range of $870-$880 million, a constant dollar growth rate of approximately 6% compared to the prior year. Adjusted earnings per share are projected at $2.40-$2.45.

Earnings Estimates Revision: The Zacks Consensus Estimate for the third quarter has gone down 8% over the past 30 days. In the trailing four quarters, excluding quarter under review, the company's earnings have topped the Zacks Consensus Estimate by an average of nearly 3.5%.

Sealed Air Corporation Price and EPS Surprise

Sealed Air Corporation price-eps-surprise | Sealed Air Corporation Quote

Zacks Rank: Currently, Sealed Air carries a Zacks Rank #4 (Sell), 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!

Wall Street's Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It's a once-in-a-generation opportunity to invest in pure genius.

Click for details >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Sealed Air Corporation (SEE): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

SEE

Other Topics

Earnings Investing Stocks

Latest Markets Videos