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

WestRock Co

02/05/2024 15:23

* WestRock Co  WRK.N  reported quarterly adjusted earnings
of 39
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 77
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 23 cents per share. Wall Street expected
results to range from 17 cents to 27 cents per share.
    * Revenue fell 10.4% to $4.73 billion from a year ago;
analysts
expected $4.75 billion. 
    * WestRock Co's reported EPS for the quarter was 6 cents​.
    * The company reported quarterly net income of $259.3
million.
    * WestRock Co shares had fallen by 3.1% this quarter and
gained 15.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 59.1%
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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the paper
packaging
peer group is also "hold"

Wall Street's median 12-month price target for WestRock Co is
$49.00 
This summary was machine generated from LSEG data May 2 at 02:22
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 2024      0.23           0.39           Beat
 Dec. 31 2023      0.35           0.20           Missed
 Sep. 30 2023      0.74           0.81           Beat
 Jun. 30 2023      0.47           0.89           Beat