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Reynolds Consumer Products (REYN) reported $910 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 2.7%. EPS of $0.41 for the same period compares to $0.37 a year ago.
The reported revenue represents a surprise of +0.61% over the Zacks Consensus Estimate of $904.53 million. With the consensus EPS estimate being $0.42, the EPS surprise was -2.38%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Reynolds Consumer Products performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
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Net Revenues- Reynolds Cooking & Baking: $305 million versus $294.86 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.2% change.
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Net Revenues- Hefty Waste & Storage: $248 million versus the three-analyst average estimate of $241.57 million. The reported number represents a year-over-year change of +1.6%.
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Net Revenues- Unallocated: -$9 million versus the three-analyst average estimate of -$3.90 million. The reported number represents a year-over-year change of +50%.
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Net Revenues- Presto Products: $149 million versus the three-analyst average estimate of $150.51 million. The reported number represents a year-over-year change of -2%.
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Net Revenues- Hefty Tableware: $217 million versus the three-analyst average estimate of $221.34 million. The reported number represents a year-over-year change of -6.9%.
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Adjusted EBITDA- Unallocated: -$10 million compared to the -$25.31 million average estimate based on two analysts.
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Adjusted EBITDA- Reynolds Cooking & Baking: $51 million versus $52.12 million estimated by two analysts on average.
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Adjusted EBITDA- Presto Products: $33 million versus $33.56 million estimated by two analysts on average.
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Adjusted EBITDA- Hefty Tableware: $26 million versus the two-analyst average estimate of $38.49 million.
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Adjusted EBITDA- Hefty Waste & Storage: $71 million versus $70.90 million estimated by two analysts on average.
View all Key Company Metrics for Reynolds Consumer Products here>>>
Shares of Reynolds Consumer Products have returned -4.2% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.