Sonoco Products Earnings Preview: Get Ahead of the Analysts

Sonoco Products (NYSE:SON) will report earnings before markets open on Thursday, July 18th. Sonoco Products Company manufactures industrial and consumer packaging solutions for customers around the world. The Company’s products include flexible packaging, high density film products, and folding cartons. Sonoco Products also has an integrated network of global technology centers focused on materials science, packaging engineering, and process improvement.

Here is your Cheat Sheet to Sonoco Products Earnings:

Earnings Expectations: Analysts expect earnings of $0.58 per share on revenues of $1.22 billion. Currently, the company’s P/E ratio stands at 18.62.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.6 to a profit $0.61. For the current year, the average estimate is a profit of $2.29, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Sonoco Products has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 4,122 3,597 4,124 4,499 4,786
Diluted EPS ($) 1.63 1.50 1.96 2.13 1.91

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 1,202.36 1,195.53 1,175.87 1,179.21
Diluted EPS ($) 0.50 0.57 0.42 0.47

Past Performance:
Sonoco Products has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]