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Silgan (SLGN) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2023, Silgan Holdings (SLGN - Free Report) reported revenue of $1.8 billion, down 8.5% over the same period last year. EPS came in at $1.16, compared to $1.27 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.96 billion, representing a surprise of -7.88%. The company delivered an EPS surprise of +1.75%, with the consensus EPS estimate being $1.14.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Silgan performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Metal Containers: $1.09 billion compared to the $1.18 billion average estimate based on two analysts. The reported number represents a change of -9.7% year over year.
Net Sales- Dispensing and Specialty Closures: $559.10 million versus the two-analyst average estimate of $588.34 million. The reported number represents a year-over-year change of -2.9%.
Net Sales- Custom Containers: $149.40 million versus the two-analyst average estimate of $155.67 million. The reported number represents a year-over-year change of -18.3%.
Shares of Silgan have returned -3.2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Silgan (SLGN) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, Silgan Holdings (SLGN - Free Report) reported revenue of $1.8 billion, down 8.5% over the same period last year. EPS came in at $1.16, compared to $1.27 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.96 billion, representing a surprise of -7.88%. The company delivered an EPS surprise of +1.75%, with the consensus EPS estimate being $1.14.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Silgan performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Metal Containers: $1.09 billion compared to the $1.18 billion average estimate based on two analysts. The reported number represents a change of -9.7% year over year.
- Net Sales- Dispensing and Specialty Closures: $559.10 million versus the two-analyst average estimate of $588.34 million. The reported number represents a year-over-year change of -2.9%.
- Net Sales- Custom Containers: $149.40 million versus the two-analyst average estimate of $155.67 million. The reported number represents a year-over-year change of -18.3%.
View all Key Company Metrics for Silgan here>>>Shares of Silgan have returned -3.2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.