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Silgan Holdings Earnings: What To Look For From SLGN
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Rigid packaging solutions manufacturer Silgan Holdings (NYSE:SLGN) will be reporting earnings this Wednesday before market hours. Here’s what to expect.

Silgan Holdings beat analysts’ revenue expectations last quarter, reporting revenues of $1.56 billion, up 6.4% year on year. It was a very strong quarter for the company, with full-year EPS guidance beating analysts’ expectations and a beat of analysts’ EPS estimates.

Is Silgan Holdings a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Silgan Holdings’s revenue to grow 4.8% year on year, slowing from the 11.4% increase it recorded in the same quarter last year.

Silgan Holdings Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Silgan Holdings has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Silgan Holdings’s peers in the industrials segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Crown Holdings delivered year-on-year revenue growth of 16.5%, beating analysts’ expectations by 9.3%, and Packaging Corporation of America reported revenues up 14.7%, in line with consensus estimates. Crown Holdings traded up 3% following the results while Packaging Corporation of America was also up 2.5%.

Read our full analysis of Crown Holdings’s results here and Packaging Corporation of America’s results here.

Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the industrials stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.3% on average over the last month. Silgan Holdings’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $54.77 (compared to the current share price of $46.58).

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