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Sealed Air (SEE) Beats on Q4 Earnings & Revenues Estimates
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Sealed Air Corporation (SEE - Free Report) , 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.
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%.
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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Sealed Air (SEE) Beats on Q4 Earnings & Revenues Estimates
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%.