Sealed Air Corporation ($SEE) Stock Forecast: Down 7.1% Today

What is Sealed Air Corporation?

Sealed Air Corporation (SEE) specializes in food packaging and product protection solutions. The market sentiment for SEE was bearish today.

Why is Sealed Air Corporation going down?

SEE stock is down 7.1% on Nov 8, 2024 14:57

• Sealed Air (SEE) surpassed Q3 earnings estimates due to cost-saving initiatives and higher volumes in the Food segment. However, the weaker performance in the Protective segment might have led to the bearish movement.
• Despite beating earnings and revenue estimates, concerns about lower volumes in the Protective segment due to recessionary pressures could have impacted SEE's stock price.
• Investors may have scrutinized key metrics and projections for SEE, resulting in a mixed market reaction as they evaluated the company's performance and outlook.
• The market response to SEE's earnings report may have been influenced by uncertainties surrounding growth strategies and their potential to address challenges in specific business segments.

SEE Price Chart

SEE Technical Analysis

SEE News

Sealed Air's Earnings Surpass Estimates in Q3, Increase Y/Y

SEE's Q3 earnings reflect benefits from the cost take-out program and higher volumes in the Food segment, offset by a weaker performance at Protective.

https://www.zacks.com/stock/news/2366707/sealed-airs-earnings-surpass-estimates-in-q3-increase-yy

Sealed Air ( SEE ) Reports Q3 Earnings: What Key Metrics Have to Say

Although the revenue and EPS for Sealed Air (SEE) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

https://www.zacks.com/stock/news/2366323/sealed-air-see-reports-q3-earnings-what-key-metrics-have-to-say

Sealed Air ( SEE ) Surpasses Q3 Earnings and Revenue Estimates

Sealed Air (SEE) delivered earnings and revenue surprises of 19.70% and 0.19%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2366063/sealed-air-see-surpasses-q3-earnings-and-revenue-estimates

Will Protective Segment's Low Volumes Impact Sealed Air's Q3 Earnings?

SEE's Q3 results are likely to reflect the impacts of lower volumes, owing to recessionary pressures, offset by growth initiatives.

https://www.zacks.com/stock/news/2364671/will-protective-segments-low-volumes-impact-sealed-airs-q3-earnings

Ahead of Sealed Air ( SEE ) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Besides Wall Street's top -and-bottom-line estimates for Sealed Air (SEE), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.

https://www.zacks.com/stock/news/2364246/ahead-of-sealed-air-see-q3-earnings-get-ready-with-wall-street-estimates-for-key-metrics

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Sealed Air Corporation Price History

07.10.2024 - SEE Stock was down 0.1%

• Sealed Air (SEE) outperformed expectations in Q3 in terms of earnings and revenue, showcasing strong performance.
• Investor sentiment may have been negatively affected by worries about reduced volumes in the protective segment due to economic pressures.
• The market's reaction could be linked to uncertainties about how SEE will address lower volumes while continuing to pursue growth strategies.
• Despite exceeding earnings expectations, investor focus on key performance indicators and Wall Street forecasts for SEE in Q3 could be driving the bearish movement as investors seek more clarity on the company's future prospects.

28.01.2024 - SEE Stock was down 6.5%

• SEE outperformed expectations in Q4 earnings, causing an initial increase in stock price.
• Despite exceeding expectations, SEE observed year-over-year reductions in revenue and earnings due to reduced volumes, leading to investor worry.
• The stock market responded negatively to the overall decrease in key metrics compared to predictions and previous year figures, overshadowing the positive initial response to the earnings beat.
• The decline in SEE's stock price could be due to investor profit-taking following initial optimism from the earnings beat, now being more cautious about the company's fundamental performance.

03.03.2024 - SEE Stock was down 4.6%

• Sealed Air Corporation (SEE) might have experienced a bearish movement due to overall market sentiment impacting the stock negatively.
• The positive earnings report from Greif (GEF) could have shifted investor focus away from SEE, leading to a decline in its stock price.
• Investors may have rotated their investments towards companies like Greif (GEF) with better earnings outlook, causing a dip in SEE's stock.
• The market's reaction to Greif's (GEF) earnings report could have overshadowed any positive news or developments related to Sealed Air Corporation (SEE), contributing to its bearish movement.

28.01.2024 - SEE Stock was down 6.5%

• Sealed Air stock price was downgraded to $43 by RBC Capital, reflecting reduced confidence in the company's future prospects.
• Despite surpassing earnings and revenue expectations in the fourth quarter, Sealed Air experienced year-over-year decreases in both figures due to lower volumes, potentially influencing the recent market downturn.
• Concerns among investors may have arisen from news about delayed volume recovery, impacting the stock's sentiment negatively.
• Comparisons between key metrics, Wall Street estimates, and previous year figures could have revealed underlying performance issues at Sealed Air, further influencing the stock price downward.

03.03.2024 - SEE Stock was down 5.5%

• The bearish movement in SEE stock today may be linked to a short idea presented at the Sohn Conference, potentially raising concerns among investors about the company's future prospects.
• The contrasting positive performance of Greif (GEF) following its latest earnings report may have accentuated SEE's relative weakness, putting downward pressure on the stock.
• The negative sentiment stemming from the short idea against SEE could be prompting investors to reassess their holdings in the company, contributing to the bearish movement in the stock.

05.03.2024 - SEE Stock was down 5.1%

• An investigation for potential securities law violations could have spooked investors, leading to a loss in confidence in Sealed Air Corp.
• A short idea presented at a conference against Sealed Air might have added to the negative sentiment around the stock, especially with concerns raised about the company's products and market position.
• The combination of these factors likely contributed to the bearish movement in SEE's stock price today, as investors reacted to the news of investigations and negative sentiments from industry experts.

28.01.2024 - SEE Stock was down 6.5%

• Sealed Air (SEE) reported Q4 earnings that surpassed estimates, which usually leads to a positive market reaction. However, the stock experienced a bearish movement, indicating that the market may have had higher expectations.
• The year-over-year declines in Q4 top and bottom lines for Sealed Air could have contributed to the bearish sentiment, despite beating estimates.
• Investors might be focusing on key metrics that fell short of expectations or the year-ago numbers, leading to a negative market reaction.
• It's possible that profit-taking occurred after the initial stock price increase following the earnings beat, resulting in the bearish movement despite the positive news.

08.10.2024 - SEE Stock was down 7.1%

• Sealed Air (SEE) surpassed Q3 earnings estimates due to cost-saving initiatives and higher volumes in the Food segment. However, the weaker performance in the Protective segment might have led to the bearish movement.
• Despite beating earnings and revenue estimates, concerns about lower volumes in the Protective segment due to recessionary pressures could have impacted SEE's stock price.
• Investors may have scrutinized key metrics and projections for SEE, resulting in a mixed market reaction as they evaluated the company's performance and outlook.
• The market response to SEE's earnings report may have been influenced by uncertainties surrounding growth strategies and their potential to address challenges in specific business segments.

08.07.2024 - SEE Stock was up 5.4%

• SEE reported higher Q2 profit despite a sales decline, demonstrating strength in earnings.
• The company surpassed Q2 earnings and revenue forecasts, which pleased investors.
• Although Q3 results fell below market expectations, Sealed Air maintained its FY24 outlook, showing confidence in its future.
• The company's mixed performance, with increased earnings but decreased sales, has sparked curiosity about its future prospects, potentially boosting market optimism due to its profitability resilience amidst sales challenges.

09.07.2024 - SEE Stock was down 14.3%

• Sealed Air's stock faced challenges today as cited volume declines, indicating potential concerns about the company's market demand.
• Despite beating earnings estimates and reporting an increase in profits in Q2, the stock experienced a bearish trend possibly due to lower-than-expected revenues and a decline in sales.
• The positive earnings report was overshadowed by the news of volume declines and lower net sales, leading to a mixed market reaction and a bearish movement in the stock price.
• Investors might be cautious about the sustainability of Sealed Air's growth, considering the challenges highlighted, which could have contributed to the bearish market movement today.

09.07.2024 - SEE Stock was down 11.3%

• Sealed Air's stock price target was raised by Citi, maintaining a Buy rating. This could indicate confidence in the company's future performance. However, this positive development may have been overshadowed by other influencing factors on the stock.
• Jefferies pointed out volume declines as a potential contributor to the bearish movement. This may suggest challenges in the company's operations or market demand.
• Despite Sealed Air's strong Q2 earnings report, including beating expectations on adjusted earnings per share and revenue, the stock trended bearishly. This could imply investor expectations for even stronger performance or concerns about future growth prospects.
• The mix of positive and negative information on Sealed Air could have caused investor uncertainty, resulting in the bearish movement of the stock price despite the positive earnings report.

08.07.2024 - SEE Stock was up 8.4%

• Investors reacted positively to Sealed Air Corp.'s (SEE) Q2 results, leading to a strong bullish movement, despite a decrease in sales.
• The rise in net earnings and expansion in the food sector likely boosted investor confidence in the company's ability to address difficulties in the protective segment.
• Market sentiment appeared optimistic towards Sealed Air's strategic initiatives like the CTO2Grow program aimed at achieving $90M in savings, suggesting confidence in future performance.
• The overall market response reflected investors' focus on Sealed Air's positive performance aspects and potential cost-saving measures, overshadowing concerns about the sales decline in the protective segment.