Graphic Packaging Holding Co reports results for the quarter ended in December - Earnings Summary

Graphic Packaging Holding

21/02/2024 10:41

* Graphic Packaging Holding Co  GPK.N  reported quarterly
adjusted
earnings of 75 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 59 cents.  The mean expectation of
ten analysts for the quarter was for earnings of 70 cents per
share. Wall Street expected results to range from 62 cents to 78
cents per share.
    * Revenue fell 5.7% to $2.25 billion from a year ago;
analysts
expected $2.40 billion. 
    * Graphic Packaging Holding Co's reported EPS for the
quarter was
64 cents​.
    * The company reported quarterly net income of $196 million.
    * Graphic Packaging Holding Co shares had risen by 0.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.1%
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 "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the paper
packaging
peer group is also "buy"

Wall Street's median 12-month price target for Graphic Packaging
Holding Co is $29.00 
This summary was machine generated from LSEG data February 21 at
10:41 a.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
 Dec. 31 2023      0.70           0.75           Beat
 Sep. 30 2023      0.71           0.74           Beat
 Jun. 30 2023      0.73           0.66           Missed
 Mar. 31 2023      0.63           0.77           Beat