Packaging Corp of America expected to post earnings of $1.83 a share - Earnings Preview

Packaging of America

22/01/2024 21:16

* Packaging Corp of America  PKG.N   PKG  is expected
to show a
fall in quarterly revenue when it reports  results on January 24
for the period ending December 31 2023
    * The Lake Forest Illinois-based  company is expected to
report a
3.6% decrease in revenue to $1.907 billion from $1.98 billion a
year ago, according to the mean estimate from 5 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 $1.83 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"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 $174.00​, above​ its last closing price of $164.38.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  2.23        2.23       2.35      Beat    5.6
 ​​Sep.        2.82        2.81       2.83      Beat    0.6
 30 2022                                                
 Jun. 30 2022  2.85        2.85       3.23      Beat    13.2​
 Mar. 31 2022  2.51        2.52       2.72      Beat    8.2
 Dec. 31 2021  2.06        2.07       2.76      Beat    33.4
 This summary was machine generated January 22 at 21:16 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)