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

Graphic Packaging Holding

30/04/2024 15:16

* Graphic Packaging Holding Co  GPK.N  reported quarterly
adjusted
earnings of 66 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 77 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 63 cents per share. Wall Street
expected results to range from 54 cents to 67 cents per share.
    * Revenue fell 7.3% to $2.26 billion from a year ago;
analysts
expected $2.38 billion. 
    * Graphic Packaging Holding Co's reported EPS for the
quarter was
53 cents​.
    * The company reported quarterly net income of $165 million.
    * Graphic Packaging Holding Co shares had fallen by 4.6%
this
quarter and gained 12.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.7%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "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 $31.00 
This summary was machine generated from LSEG data April 30 at
02:15 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
 Mar. 31 2024      0.63           0.66           Beat
 Dec. 31 2023      0.70           0.75           Beat
 Sep. 30 2023      0.71           0.74           Beat
 Jun. 30 2023      0.73           0.66           Missed