Pactiv(US:PTVE) ZACKSยท2024-07-31 23:51Core Viewpoint - Pactiv Evergreen Inc. reported quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.24 per share, and showing a decline from $0.20 per share a year ago, indicating a -29.17% earnings surprise [1] Financial Performance - The company posted revenues of $1.34 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 2.04%, but down from $1.43 billion year-over-year [2] - Over the last four quarters, Pactiv Evergreen has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Pactiv Evergreen shares have lost approximately 3.7% since the beginning of the year, contrasting with the S&P 500's gain of 14% [3] Future Outlook - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.44 on revenues of $1.4 billion, and for the current fiscal year, it is $1.18 on revenues of $5.3 billion [7] Industry Context - The Consumer Services - Miscellaneous industry, to which Pactiv Evergreen belongs, is currently in the top 35% of over 250 Zacks industries, suggesting a favorable industry outlook [8]