Reynolds Consumer Products Inc reports results for the quarter ended June 30 - Earnings Summary

• Reynolds Consumer Products Inc REYN.OQ reported quarterly adjusted earnings of 39 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 46 cents. The mean expectation of eight analysts for the quarter was for earnings of 38 cents per share. Wall Street expected results to range from 37 cents to 40 cents per share.

• Revenue rose 0.9% to $938.00 million from a year ago; analysts expected $899.09 million.

• Reynolds Consumer Products Inc's reported EPS for the quarter was 35 cents​.

• The company reported quarterly net income of $73 million.

• Reynolds Consumer Products Inc shares had risen by 0.7% this quarter and lost 20.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the household products peer group is also "buy"

• Wall Street's median 12-month price target for Reynolds Consumer Products Inc is $26.00, about 17.1% above its last closing price of $21.56

This summary was machine generated from LSEG data July 30 at 01:32 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)