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Sonoco Products forecasts Q4 2024 EPS between $1.15 and $1.35, below consensus estimate.
Sonoco Products has projected its fourth-quarter 2024 earnings per share (EPS) guidance between $1.15 and $1.35, slightly below the consensus estimate of $1.20.
For the full year, it raised its EPS outlook to 5.050-5.250.
In Q3, Sonoco reported an EPS of $1.49, beating expectations.
Despite this, shares fell to $51.14.
The company, with a market cap of $5.02 billion, also declared a quarterly dividend of $0.52 per share.
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Sonoco Products prevé Q4 2024 EPS entre $1,15 y $1,35, por debajo de la estimación de consenso.