What to Expect from Sonoco Prods's Earnings

Sonoco Prods (NYSE:SON) is preparing to release its quarterly earnings on Thursday, 2024-10-31. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Sonoco Prods to report an earnings per share (EPS) of $1.45.

Investors in Sonoco Prods are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Earnings History Snapshot

In the previous earnings release, the company beat EPS by $0.03, leading to a 2.32% drop in the share price the following trading session.

Here's a look at Sonoco Prods's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.25

1.05

1.04

1.23

EPS Actual

1.28

1.12

1.02

1.46

Price Change %

-2.0%

1.0%

2.0%

5.0%

Analyst Insights on Sonoco Prods

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Sonoco Prods.

Sonoco Prods has received a total of 3 ratings from analysts, with the consensus rating as Buy. With an average one-year price target of $56.33, the consensus suggests a potential 7.52% upside.

Comparing Ratings with Competitors

In this comparison, we explore the analyst ratings and average 1-year price targets ...