I have a hold rating on REYN because I anticipate challenges with demand and weak guidance for FY25, even though there was positive volume growth in 4Q24. The company is dealing with issues like margin pressures, ongoing struggles in the Hefty Tableware segment, and rising input costs, especially for aluminum. While there are some positive volume trends and good financial flexibility, the uncertain economic situation makes a quick recovery unlikely.
Reynolds Consumer Products Inc. (NASDAQ:REYN) will hold its Q4 2024 Earnings Conference Call on February 5, 2025, at 8:00 AM ET. The call will feature company representatives including Mark Swartzberg, Scott Huckins, and Nathan Lowe, along with participants from various financial institutions. The operator will begin the call by welcoming everyone to the discussion about the company's earnings for the fourth quarter and the full year of 2024.
Reynolds Consumer Products (REYN) reported quarterly earnings of $0.58 per share, matching the Zacks Consensus Estimate. This is a decrease from earnings of $0.65 per share from the same period last year.
At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. However, we also keep an eye on the most recent trends in value, growth, and momentum to support our top selections.
LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (Nasdaq: REYN) has announced that it will share its financial results for the fourth quarter and the entire year of 2024 on Wednesday, February 5, 2025. The President and CEO, Scott Huckins, along with CFO Nathan Lowe, will hold a live webcast to discuss these results at 7:00 a.m. CT (8:00 a.m. ET) on the same day. A link to the webcast and all related earnings information will be provided at https://i.
At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. However, we also keep an eye on the most recent trends in value, growth, and momentum to support our top selections.
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.