PTVE Earnings Prediction
The chart below shows how PTVE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PTVE sees a -1.10% change in stock price 10 days leading up to the earnings, and a -0.85% change 10 days following the report. On the earnings day itself, the stock moves by -0.32%. This data can give you a slight idea of what to expect for the next quarter's release.
PTVE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.33B
-3.34%
-0.37%
Gross Margin
19.43%
-4.66%
13.49%
Operating Margin
10.95%
7.14%
33.21%
Net Margin
-15.98%
-887.19%
-1172.48%
EPS
-1.18
-837.50%
-1280.00%
No Data Available
PTVE Earnings Analysis
Pactiv Evergreen Inc. Common stock Corporation (PTVE.O) Earnings Conference Call
Positive
Quarterly Revenue and EBITDA: In the third quarter, revenues were $1.3 billion, and adjusted EBITDA was $214 million, a solid 16% margin.
Earnings and Cash Flow: We delivered adjusted earnings per share of $0.36 and free cash flow of $190 million.
Operational Excellence Amid Challenges: Our team maintained a high level of execution in our core operations during the quarter and navigated a dynamic consumer demand backdrop.
Free Cash Flow Increase: We generated free cash flow of $190 million, which was a significant increase compared to the second quarter.
Cost Savings Projection: We expect to generate $15 million of cost savings in discretionary spend and SG&A by the end of this year.
Negative
Revenue Decline Analysis: In the third quarter, revenues were $1.3 billion, a decrease of about 3% compared to last year.
Adjusted EBITDA Decline: Adjusted EBITDA was $214 million, representing a 6% decrease compared to the prior year.
Revenue Decline Analysis: Segment net revenues decreased just under 1% to $670 million, primarily due to lower sales volume.
Merchandising Volume Decline: Food & Beverage Merchandising volumes decreased 8% during the quarter, reflecting consumer spending patterns and the year-over-year impact of our value-over-volume strategy.
EBITDA Margin Stability: Adjusted EBITDA margin was 16%, flat compared to last year, but 240 basis points higher than Q2.
PTVE FAQs
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PTVE Earning Call Sentiment
Pactiv Evergreen Inc. (PTVE) Q3 2024 Earnings Call Transcript
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PTVE.O
0.06%Positive
The earnings call summary presents mixed signals. Financial performance shows growth, but margins have declined. The guidance for 2024 revenue and margins is positive, yet reduced EBITDA and free cash flow guidance could concern investors. The share repurchase program is a positive factor. However, the Q&A section reveals management's reluctance to provide specific revenue targets, causing uncertainty. Given the market cap of $2 billion, these mixed signals and uncertainties suggest a neutral stock price movement in the short term, likely within -2% to 2% range.
