Winpak Ltd reports results for the quarter ended June 30 - Earnings Summary

• Winpak Ltd WPK reported quarterly adjusted earnings of 49 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 61 cents. The mean expectation of three analysts for the quarter was for earnings of 63 cents per share. Wall Street expected results to range from 61 cents to 64 cents per share.

• Revenue fell 3.8% to $272.80 million from a year ago; analysts expected $294.43 million.

• Winpak Ltd's reported EPS for the quarter was 49 cents​.

• The company reported quarterly net income of $30.21 million.

• Winpak Ltd shares had risen by 0.2% this quarter and held steady so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the non-paper containers & packaging peer group is also "buy"

• Wall Street's median 12-month price target for Winpak Ltd is C$52.00, about 13.9% above its last closing price of C$44.75

This summary was machine generated from LSEG data July 24 at 05:45 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)