Smurfit WestRock PLC reports results for the quarter ended June 30 - Earnings Summary

• Smurfit WestRock PLC SW reported quarterly adjusted earnings of 59 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 51 cents. The mean expectation of eight analysts for the quarter was for earnings of 59 cents per share. Wall Street expected results to range from 55 cents to 62 cents per share.

• Revenue rose 167.4% to $7.94 billion from a year ago; analysts expected $7.94 billion.

• Smurfit WestRock PLC's reported EPS for the quarter was a loss of 5 cents​.

• The company reported a quarterly loss of $28 million.

• Smurfit WestRock PLC shares had risen by 11.7% this quarter and lost 10.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 20.7% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the paper packaging peer group is also "buy"

• Wall Street's median 12-month price target for Smurfit WestRock PLC is $54.50, about 11.6% above its last closing price of $48.20

This summary was machine generated from LSEG data July 30 at 12:14 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)