Graphic Packaging Holding Co reports results for the quarter ended in September 30 - Earnings Summary

Graphic Packaging Holding

29/10/2024 14:20

* Graphic Packaging Holding Co  GPK.N  reported quarterly
adjusted
earnings of 64 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 74 cents.  The mean expectation of ten analysts
for the quarter was for earnings of 68 cents per share. Wall
Street expected results to range from 62 cents to 72 cents per
share.
    * Revenue fell 5.7% to $2.22 billion from a year ago;
analysts
expected $2.27 billion. 
    * Graphic Packaging Holding Co's reported EPS for the
quarter was
55 cents​.
    * The company reported quarterly net income of $165 million.
    * Graphic Packaging Holding Co shares had risen by 2.6% this
quarter and gained 23.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.2%
in the last three months.​ 
    * In the last 30 days, seven 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 $33.10 
This summary was machine generated from LSEG data October 29 at
02:20 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
 Sep. 30 2024      0.68           0.64           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