Packaging Corp of America reports results for the quarter ended in June - Earnings Summary
Packaging Corp of America PKG.N reported quarterly adjusted earnings of $2.20 per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of $2.31. The mean expectation of seven analysts for the quarter was for earnings of $2.14 per share. Wall Street expected results to range from $2.09 to $2.20 per share.
Revenue rose 6.3% to $2.08 billion from a year ago; analysts expected $2.02 billion.
Packaging Corp of America's reported EPS for the quarter was $2.21.
The company reported quarterly net income of $197.5 million.
Packaging Corp of America shares had risen by 6.0% this quarter and gained 18.7% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 0.8% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell."
The average consensus recommendation for the paper packaging peer group is also "hold"
Wall Street's median 12-month price target for Packaging Corp of America is $194.00
This summary was machine generated from LSEG data July 23 at 09:37 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)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2024 | 2.14 | 2.20 | Beat |
Mar. 31 2024 | 1.68 | 1.72 | Beat |
Dec. 31 2023 | 2.13 | ||
Sep. 30 2023 | 1.93 | 2.05 | Beat |
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