International Paper Co IP.N reported quarterly adjusted earnings of 20 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 55 cents. The mean expectation of eleven analysts for the quarter was for earnings of 41 cents per share. Wall Street expected results to range from 36 cents to 62 cents per share.
Revenue rose 42.9% to $6.77 billion from a year ago; analysts expected $6.71 billion.
International Paper Co's reported EPS for the quarter was 14 cents.
The company reported quarterly net income of $75 million.
International Paper Co shares had risen by 14.5% this quarter and lost 0.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 2.3% 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 8 "strong buy" or "buy," 3 "hold" and 3 "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 International Paper Co is $58.00, about 7.5% above its last closing price of $53.63
This summary was machine generated from LSEG data July 31 at 01:30 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)