Winpak Ltd reports results for the quarter ended March 31 - Earnings Summary

• Winpak Ltd WPK.TO reported quarterly adjusted earnings of 56 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 55 cents. The mean expectation of three analysts for the quarter was for earnings of 60 cents per share. Wall Street expected results to range from 59 cents to 60 cents per share.

• Revenue rose 2.9% to $284.80 million from a year ago; analysts expected $288.90 million.

• Winpak Ltd's reported EPS for the quarter was 56 cents​.

• The company reported quarterly net income of $34.58 million.

• Winpak Ltd shares had risen by 9.3% this quarter and lost 4.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

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

This summary was machine generated from LSEG data April 24 at 07:53 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)