Packaging Corp of America reports results for the quarter ended December 31 - Earnings Summary

Packaging of America

28/01/2025 22:38

* Packaging Corp of America  PKG.N  reported quarterly
adjusted
earnings of $2.47​​ per share for the quarter ended December 31,
higher than the same quarter last year, when the company
reported EPS of $2.13.  The mean expectation of seven analysts
for the quarter was for earnings of $2.53 per share. Wall Street
expected results to range from $2.48  to $2.61 per share.
    * Revenue rose 10.7% to $2.15 billion from a year ago;
analysts
expected $2.13 billion. 
    * Packaging Corp of America's reported EPS for the quarter
was
$2.45​.
    * The company reported quarterly net income of $219.6
million.
    * Packaging Corp of America shares had risen by 6.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"hold" and no "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 Packaging Corp of
America is $253.00 
This summary was machine generated from LSEG data January 28 at
10:38 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
 Dec. 31 2024      2.53           2.47           Missed
 Sep. 30 2024      2.50           2.65           Beat
 Jun. 30 2024      2.14           2.20           Beat
 Mar. 31 2024      1.68           1.72           Beat