Packaging Corp of America expected to post earnings of $1.68 a share - Earnings Preview

Packaging of America

19/04/2024 22:04

* Packaging Corp of America  PKG.N   PKG  is expected
to show a
fall in quarterly revenue when it reports  results on April 22
for the period ending March 31 2024
    * The Lake Forest Illinois-based  company is expected to
report a
3.4% decrease in revenue to $1.909 billion from $1.98 billion a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data. (Revenue is on Net sales basis)
    * ​LSEG's mean analyst estimate for Packaging Corp of
America is
for earnings of $1.68 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Packaging
Corp of
America is $185.00​, above​ its last closing price of $179.89.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.84        1.83       2.13      Beat    16.1
 Sep. 30 2023  1.93        1.93       2.05      Beat    6.2
 Jun. 30 2023  1.93        1.92       2.31      Beat    20.1​
 Mar. 31 2023  2.27        2.27       2.20      Missed  -3
 ​​Dec.        2.23        2.23       2.35      Beat    5.6
 31 2022                                                
 Sep. 30 2022  2.82        2.81       2.83      Beat    0.6​
 Jun. 30 2022  2.85        2.85       3.23      Beat    13.2
 Mar. 31 2022  2.51        2.52       2.72      Beat    8.2
 This summary was machine generated April 19 at 21:04 GMT.  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)