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

Graphic Packaging Holding

30/07/2024 15:22

* Graphic Packaging Holding Co  GPK.N  reported quarterly
adjusted
earnings of 60 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 66 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 57 cents per share. Wall Street
expected results to range from 52 cents to 60 cents per share.
    * Revenue fell 6.5% to $2.24 billion from a year ago;
analysts
expected $2.27 billion. 
    * Graphic Packaging Holding Co's reported EPS for the
quarter was
63 cents​.
    * The company reported quarterly net income of $190 million.
    * Graphic Packaging Holding Co shares had risen by 6.9% this
quarter and gained 13.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.8%
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 "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 1
"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 $32.00 
This summary was machine generated from LSEG data July 30 at
02:21 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      0.57           0.60           Beat
 Mar. 31 2024      0.63           0.66           Beat
 Dec. 31 2023      0.70           0.75           Beat
 Sep. 30 2023      0.71           0.74           Beat