Pactiv Evergreen Third Quarter 2024 Earnings: Misses Expectations

Pactiv Evergreen (NASDAQ:PTVE) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.33b (down 3.3% from 3Q 2023).
• Net loss: US$213.0m (down from US$27.0m profit in 3Q 2023).
• US$1.18 loss per share (down from US$0.15 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Pactiv Evergreen Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Packaging industry in the US.

Performance of the American Packaging industry.

The company's shares are up 3.5% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Pactiv Evergreen that you should be aware of.

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