Pactiv Evergreen Inc. (PTVE) Earnings Expected to Grow: Should You Buy?

Core Viewpoint - The market anticipates Pactiv Evergreen Inc. (PTVE) will report a year-over-year increase in earnings despite lower revenues for the quarter ending September 2024, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The consensus estimate for Pactiv Evergreen's upcoming earnings report is $0.33 per share, reflecting a year-over-year increase of +3.1%, while revenues are projected to be $1.34 billion, a decrease of 2.9% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not significantly altered their initial projections during this period [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for Pactiv Evergreen is lower than the consensus estimate, resulting in an Earnings ESP of -18.18%, indicating a bearish outlook from analysts [10]. Historical Performance - In the last reported quarter, Pactiv Evergreen was expected to post earnings of $0.24 per share but only achieved $0.17, resulting in a surprise of -29.17%. Over the last four quarters, the company has beaten consensus EPS estimates three times [12][13]. Zacks Rank - Pactiv Evergreen currently holds a Zacks Rank of 4, which complicates the prediction of an earnings beat, especially given the negative Earnings ESP reading [11]. Conclusion - Pactiv Evergreen does not appear to be a strong candidate for an earnings beat, and investors should consider additional factors before making investment decisions related to the stock [16].