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Sealed Air (SEE) Beats on Q4 Earnings & Revenues Estimates

Zacks
Sealed Air Corporation 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.
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 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!
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