WestRock Co reports results for the quarter ended in December - Earnings Summary

WestRock Co

01/02/2024 14:31

* WestRock Co  WRK.N  reported quarterly adjusted earnings
of 20
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 55
cents.  The mean expectation of six analysts for the quarter was
for earnings of 35 cents per share. Wall Street expected
results to range from 30 cents to 37 cents per share.
    * Revenue fell 6.2% to $4.62 billion from a year ago;
analysts
expected $4.79 billion. 
    * WestRock Co's reported EPS for the quarter was a loss of 9
cents​.
    * The company reported a quarterly loss of $22.4 million.
    * WestRock Co shares had fallen by 3.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 20.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"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 WestRock Co is
$45.00 
This summary was machine generated from LSEG data February 1 at
02:31 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 2023      0.35           0.20           Missed
 Sep. 30 2023      0.74           0.81           Beat
 Jun. 30 2023      0.47           0.89           Beat
 Mar. 31 2023      0.49           0.77           Beat