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Sonoco (SON) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Apr 30, 2024, 8:32 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Sonoco reported $1.64 billion in revenue, a 5.3% decline year-over-year. - EPS for the quarter was $1.12, down from $1.40 a year ago. - Company delivered an EPS surprise of +3.70%, beating the consensus estimate of $1.08. - Net sales for Consumer Packaging and Industrial Paper Packaging showed modest changes. - Sonoco stock returned -0.6% over the past month, with Zacks Rank #3 (Hold). Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • Sonoco reported $1.64 billion in revenue, a 5.3% decline year-over-year.
  • EPS for the quarter was $1.12, down from $1.40 a year ago.
  • Company delivered an EPS surprise of +3.70%, beating the consensus estimate of $1.08.
  • Net sales for Consumer Packaging and Industrial Paper Packaging showed modest changes.
  • Sonoco stock returned -0.6% over the past month, with Zacks Rank #3 (Hold).

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