Compared to Estimates, Sealed Air (SEE) Q2 Earnings: A Look at Key Metrics

Sealed Air (SEE) reported $1.35 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 2.6%. EPS of $0.83 for the same period compares to $0.80 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.31 billion, representing a surprise of +2.90%. The company delivered an EPS surprise of +29.69%, with the consensus EPS estimate being $0.64.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

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 Sealed Air performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Net Sales- Food

  : $893.80 million versus the four-analyst average estimate of $848.56 million. The reported number represents a year-over-year change of +1.5%.

• Net sales- Protective

  : $451.30 million versus $457.66 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -9.8% change.

• Adjusted EBITDA- Food

  : $204.60 million versus the two-analyst average estimate of $180.82 million.

• Adjusted EBITDA- Corporate expenses and unallocated costs

  : -$0.90 million versus -$6.37 million estimated by two analysts on average.

• Adjusted EBITDA- Protective

  : $81.80 million versus $85.45 million estimated by two analysts on average.

View all Key Company Metrics for Sealed Air here>>>

Shares of Sealed Air have returned -0.7% over the past month versus the Zacks S&P 500 composite's -6.5% 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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