Packaging Corp of America reports results for the quarter ended in September 30 - Earnings Summary

Packaging of America

23/10/2024 05:14

* Packaging Corp of America  PKG.N  reported quarterly
adjusted
earnings of $2.65​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of $2.05.  The mean expectation of seven analysts
for the quarter was for earnings of $2.50 per share. Wall Street
expected results to range from $2.45  to $2.58 per share.
    * Revenue rose 12.7% to $2.18 billion from a year ago;
analysts
expected $2.09 billion. 
    * Packaging Corp of America's reported EPS for the quarter
was
$2.64​.
    * The company reported quarterly net income of $238.1
million.
    * Packaging Corp of America shares had risen by 1.7% this
quarter and gained 34.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.9%
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 4 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the paper
packaging
peer group is  "hold."

Wall Street's median 12-month price target for Packaging Corp of
America is $221.00 
This summary was machine generated from LSEG data October 23 at
04:14 a.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      2.50           2.65           Beat
 Jun. 30 2024      2.14           2.20           Beat
 Mar. 31 2024      1.68           1.72           Beat
 Dec. 31 2023      1.83           2.13           Beat