Sealed Air Corporation SEE is a major specialty packaging service provider catering to a diverse set of end markets. The company operates in the United States as well as globally with packaging and performance-based materials and equipment systems serving food, medical, and an array of industrial and consumer.Sealed Air’s performance in 2016 will be driven by ongoing productivity improvements, further adoption of its more advanced product portfolio, and successes with the Change the Game initiatives. All of this will accelerate future growth and drive margin expansion. Moreover, the company will benefit from a recovery in the North American beef market, growth in e-commerce in the product care segment and favorable trends in the Diversey segment. Moreover, acquisitions, savings from restructuring actions and further share repurchases will drive growth.Investors have been thus eagerly waiting for the first quarter earnings release of this Elmwood Park, N.J. based packaging company. Let’s have a quick look at its earnings results.Estimate Trend & Surprise History: Investors should note that the earnings estimate for Sealed Air for the first quarter has remained static over the past month and currently pegged at 48 cents.As regards earnings surprise, Sealed Air has outpaced the Zacks Consensus Estimate in the past four quarters, with an average beat of 28.62%Earnings: Sealed Air beat on earnings by a margin of 4%. Our consensus called for earnings per share (EPS) of 48 cents, and the company reported adjusted EPS of 50 cents. Revenue: Sealed Air however missed on revenues. It reported first quarter revenues of $1,591 million, falling short of the Zacks Consensus Estimate of $1,594 million.Key Developments to Note: Sealed Air maintained its guidance of adjusted EPS for 2016 in the range of $2.52 to $2.60 on the back of revenues of $6.8 billion.Zacks Rank: Currently Sealed Air has a Zacks Rank #1 (Strong Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.Market Reaction: Shares remained flat in pre-market trading following the release, at the time of this write-up.Check back later for our full write up on this Sealed Air earnings report later!Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SEALED AIR CORP (SEE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research