Sealed Air (SEE) First Quarter Earnings Preview: Key Points to Watch

Sealed Air Corporation, a leading provider of integrated packaging solutions, is set to release its first-quarter earnings report tomorrow. In the previous quarter, Sealed Air exceeded revenue projections by 1.3%, posting revenues of $1.37 billion, unchanged from the previous year. The company had a robust quarter, surpassing analysts’ expectations for both adjusted operating income and earnings per share. Investors are eager to see if Sealed Air will maintain this positive momentum going into earnings.

Analysts forecast a 4.8% year-on-year revenue decrease for Sealed Air in the upcoming quarter, projecting revenues of $1.27 billion. This represents a further slowdown from the 1.4% decline reported in the same period last year. The anticipated adjusted earnings per share stand at $0.67. Analysts who cover the company have upheld their estimates in the last month, indicating a belief that Sealed Air will remain on a steady path as it approaches earnings day. It is worth noting that Sealed Air fell short of Wall Street’s revenue projections on two occasions in the past two years.

Comparing Sealed Air to its counterparts in the industrial packaging sector provides insights into what the company might report. Some peers have already disclosed their first-quarter results. Crown Holdings realized a 3.7% year-on-year revenue growth, surpassing analysts’ expectations by 1.5%. Likewise, Packaging Corporation of America recorded an 8.2% increase in revenues, exceeding estimates by 1.5%. Following the announcements, Crown Holdings’ stock rose by 8%, while Packaging Corporation of America’s stock decreased by 1.1%.

Investor sentiment within the industrial packaging industry has been upbeat, with stock prices rising by an average of 13% over the previous month. Sealed Air has seen its stock surge by 16% during the same period, with analysts setting an average price target of $36.37, compared to the current price of $28 for the company. At StockStory, we recognize the importance of thematic investing and identifying potential growth opportunities driven by significant trends. While companies like Microsoft, Alphabet, Coca-Cola, and Monster Beverage have been recognized for their growth potential, there are other lesser-known profitable growth stocks that stand to benefit from emerging trends. In this context, we have identified a promising growth stock in the artificial intelligence sector that we believe has significant potential, and it is accessible to you through this provided link.