Compared to Estimates, Reynolds Consumer Products (REYN) Q3 Earnings: A Look at Key Metrics

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: 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. 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%. 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%. 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%. 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%. Adjusted EBITDA- Unallocated: -$10 million compared to the -$25.31 million average estimate based on two analysts. Adjusted EBITDA- Reynolds Cooking & Baking: $51 million versus $52.12 million estimated by two analysts on average. Adjusted EBITDA- Presto Products: $33 million versus $33.56 million estimated by two analysts on average. Adjusted EBITDA- Hefty Tableware: $26 million versus the two-analyst average estimate of $38.49 million. 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.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Reynolds Consumer Products Inc. (REYN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks