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

Packaging of America

22/04/2025 22:01

Packaging Corp of America PKG.N reported quarterly adjusted earnings of $2.31​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.72.  The mean expectation of seven analysts for the quarter was for earnings of $2.21 per share. Wall Street expected results to range from $2.18  to $2.22 per share.

Revenue rose 8.2% to $2.14 billion from a year ago; analysts expected $2.11 billion.

Packaging Corp of America's reported EPS for the quarter was $2.26​.

The company reported quarterly net income of $202.4 million.

Packaging Corp of America shares had fallen by 8.1% this quarter and lost 19.1% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 8.3% in the last three months.​

In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 3 "hold" and 1 "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 $214.50

This summary was machine generated from LSEG data April 22 at 09:00 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
Mar. 31 2025
2.21
2.31
Beat
Dec. 31 2024
2.53
2.47
Missed
Sep. 30 2024
2.50
2.65
Beat
Jun. 30 2024
2.14
2.20
Beat