REYN Stock Recent News

Reynolds Consumer Products (REYN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Reynolds Consumer Products (REYN) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Reynolds Consumer Products Inc. (REYN) Q4 2023 Earnings Call Transcript

The headline numbers for Reynolds Consumer Products (REYN) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Reynolds Consumer Products (REYN) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.53 per share a year ago.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Reynolds Consumer Products (REYN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.

LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (Nasdaq: REYN) (the “Company”) announced it will report fourth quarter and full-year 2023 financial results on Wednesday, February 7, 2024. The Company's Chief Executive Officer, Lance Mitchell, and Chief Financial Officer, Scott Huckins, will host a live webcast to discuss the results at 7:00 a.m. CT (8:00 a.m. ET) that same day. A link to the webcast and all related earnings materials will be available at https://investors.re.

Reynolds Consumer Products focuses on products for the kitchen with the offering including products such as aluminium foil, plastic wrap, and waste bags. The company has a current focus on improving margins through initiatives such as the Reynolds Cooking & Baking Recovery Plan and the Reyvolution, which seem successful in the Q3 report. REYN stock seems to be priced with a favorable price, as my DCF model estimates the stock to have a modest undervaluation.

Reynolds Consumer Products Inc. (REYN) Q3 2023 Earnings Call Transcript

Reynolds Consumer Products Inc.'s stock REYN, -0.23% rose 1.1% early Wednesday, after the maker of household products posted better-than-expected revenue for the third quarter and offered upbeat guidance. The Lake Forest, Ill.