Benzinga | Jul 21, 2021 10:38AM EDT

Sonoco Products's Earnings Outlook

On Thursday, July 22, Sonoco Products (NYSE:SON) will release its latest earnings report. Benzinga's outlook for Sonoco Products is included in the following report.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Analysts expect Sonoco Products earnings of $0.86 per share. Revenue will likely be around $1.30 billion, according to the consensus estimate. In the same quarter last year, Sonoco Products reported earnings per share of $0.79 on revenue of $1.25 billion.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to report earnings in line when it publishes results Thursday, earnings would be up 8.86%. Revenue would be have grown 4.42% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past: Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020EPS Estimate 0.85 0.77 0.82 0.78EPS Actual 0.90 0.82 0.86 0.79Revenue Estimate 1.33 B 1.31 B 1.32 B 1.32 BRevenue Actual 1.35 B 1.38 B 1.31 B 1.25 B

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

Shares of Sonoco Products were trading at $66.01 as of July 20. Over the last 52-week period, shares are up 23.81%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Sonoco Products is scheduled to hold the call at 11:00:00 ET and can be accessed here.