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CHARLOTTE, N.C. , Jan. 23, 2024 /PRNewswire/ -- SEE (NYSE: SEE) announced today that it will release its fourth quarter and full year 2023 results and 2024 outlook at approximately 7:00 a.m.
Sealed Air (SEE) reports year-over-year declines in revenues and earnings in the third quarter of 2023 as it continues to witness lower volumes across its markets.
Sealed Air's (SEE) Q3 results are likely to bear lower volumes, owing to recessionary pressures in the industrial and fulfillment market, and food market declines.
Sealed Air (SEE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Sealed Air (SEE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
The recent stock decline can partly be attributed to weak packaging demand and the company's lowering of its full-year 2023 guidance.
CHARLOTTE, N.C.--(BUSINESS WIRE)--SEE (NYSE: SEE) announced today that it will release its third quarter 2023 results at approximately 7:00 a.m. (ET) on Thursday, November 2, 2023 and will host a conference call and webcast at 10:00 a.m. (ET). Ted Doheny, President and CEO, and Dustin Semach, CFO, will conduct the investor conference call. The conference will be webcast live. Interested parties can view the events on SEE's Investors homepage at www.sealedair.com/investors. About SEE SEE (NYSE:.
Sealed Air Corporation's full-year guidance was dramatically cut, leading to a cautious outlook and a lower entry target for investors. The company's sales and earnings have been impacted by volume declines and a poor track record, reducing its appeal. The cut in the guidance, along with high leverage and disappointing earnings, has rightfully led to a decrease in Sealed Air Corporation's stock price.
Analysts at UBS have downgraded Sealed Air Corporation (NYSE:SEE) on their thesis that the food safety and security and product protection solutions provider's return to growth will take longer to play out than they originally had forecast. They downgraded their rating on the stock from ‘Buy' to ‘Neutral' and lowered their price target from US$54 to US$44.
The U.S. equity valuations continue their remarkable trend upward, well beyond anyone's expectations in 2023. The major indices appreciated amid expectations of a soft landing for the economy as the Federal Reserve battles inflation.