Reynolds Consumer Products (REYN) Stock

At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. At the same time, we keep an eye on the most recent trends in value, growth, and momentum to support our top selections.

I maintain my hold rating on Reynolds Consumer Products because there are clear challenges that may affect its performance in FY25, even though it currently has a valuation of about 16 times its forward price-to-earnings ratio. The company is likely to achieve its updated revenue targets for the fourth quarter of 2024, especially with the holiday season helping sales, and the management's past guidance supports this outlook. However, ongoing struggles in the Hefty Tableware segment due to cost-sensitive consumers and possible long-term demand issues from foam product bans are significant concerns.

Reynolds Consumer Products Inc. (NASDAQ:REYN) will hold its Q3 2024 Earnings Conference Call on October 30, 2024, at 8:00 AM ET. The call will feature company representatives, including Mark Swartzberg, Lance Mitchell, and Scott Huckins, along with analysts from various financial institutions. Currently, all participants are in listen-only mode.

While the revenue and earnings per share (EPS) for Reynolds Consumer Products (REYN) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

Reynolds Consumer Products (REYN) reported quarterly earnings of $0.41 per share, which is slightly below the Zacks Consensus Estimate of $0.42 per share. In comparison, the company earned $0.37 per share during the same period last year.

Reynolds Consumer Products (REYN) has received a Zacks Rank #2 (Buy) upgrade, indicating increased confidence in the company's potential earnings. This could lead to a rise in the stock price soon.

The main figures for Reynolds Consumer Products (REYN) provide an overview of the company's performance for the quarter that ended in June 2024. However, it could be useful to compare some important metrics with Wall Street predictions and the results from the same period last year.

Reynolds Consumer Products (REYN) reported quarterly earnings of $0.46 per share, which is higher than the Zacks Consensus Estimate of $0.44 per share. This is an increase compared to earnings of $0.32 per share from the same period last year.

Assess the anticipated performance of Reynolds Consumer Products (REYN) for the quarter ending March 2024, going beyond traditional Wall Street projections and analyzing key metrics for a deeper understanding.