Sealed Air Corp. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Sealed Air Corp. (NYSE:SEE) will unveil its latest earnings on Thursday, May 3, 2012. Sealed Air, through its subsidiaries, is a global manufacturer of a variety of packaging materials and equipment systems. Its product brands include Bubble Wrap and Instapak. These offerings are used in a range of food, industrial, medical and consumer applications.

Sealed Air Corp. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 22 cents per share, a decline of 35.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 32 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 22 cents during the last month. Analysts are projecting profit to rise by 8.5% compared to last year’s $1.50.

Past Earnings Performance: The company has missed estimates in the last two quarters. In the fourth quarter of the last fiscal year, it missed the mark by 9 cents as a result of reporting profit of 42 cents against an estimate of net income of 51 cents per share. In the third quarter of the last fiscal year, the company fell short of forecasts by one cent.

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Wall St. Revenue Expectations: Analysts predict a rise of 69.9% in revenue from the year-earlier quarter to $1.92 billion.

Analyst Ratings: Analysts are bullish on this stock, with five analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, the company swung to a loss of $49.3 million (31 cents a share) from a profit of $51.3 million (29 cents) a year earlier, missing analyst expectations. Revenue rose 69.8% to $2.05 billion from $1.21 billion.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 6.3% in the first quarter of the last fiscal year, 11.3% in the second quarter of the last fiscal year and 10.4% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 1, 2012 and April 27, 2012, the stock price fell 90 cents (-4.5%), from $20.14 to $19.24. The stock price saw one of its best stretches over the last year between November 29, 2011 and December 7, 2011, when shares rose for seven straight days, increasing 12.9% (+$2.12) over that span. It saw one of its worst periods between July 12, 2011 and July 20, 2011 when shares fell for seven straight days, dropping 6.3% (-$1.47) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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