Packaging Corp of America's Earnings: A Preview

Packaging Corp of America (NYSE:PKG) is preparing to release its quarterly earnings on Tuesday, 2024-10-22. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Packaging Corp of America to report an earnings per share (EPS) of $2.49.

Anticipation surrounds Packaging Corp of America's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Past Earnings Performance

Last quarter the company beat EPS by $0.06, which was followed by a 0.24% increase in the share price the next day.

Here's a look at Packaging Corp of America's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

2.14

1.68

1.83

1.93

EPS Actual

2.20

1.72

2.13

2.05

Price Change %

0.0%

-5.0%

4.0%

3.0%

Market Performance of Packaging Corp of America's Stock

Shares of Packaging Corp of America were trading at $220.12 as of October 18. Over the last 52-week period, shares are up 47.24%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Observations about Packaging Corp of America

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Packaging Corp of America.

The consensus rating for Packaging Corp of America is Buy, based on 5 analyst ratings. ...