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Packaging Corp. (PKG) Reports Q3 Earnings: What Key Metrics Have to Say
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Packaging Corp. (PKG - Free Report) reported $1.94 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 8.9%. EPS of $2.05 for the same period compares to $2.83 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.96 billion, representing a surprise of -1.20%. The company delivered an EPS surprise of +6.77%, with the consensus EPS estimate being $1.92.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Packaging Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Segment Sales- Packaging: $1.76 billion versus the three-analyst average estimate of $1.78 billion. The reported number represents a year-over-year change of -9.3%.
Segment sales- Corporate: $18.30 million versus $18.70 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -10.3% change.
Segment Sale- Paper: $157.90 million compared to the $147.83 million average estimate based on three analysts. The reported number represents a change of -4.5% year over year.
Segment Operating income- Packaging- Non-GAAP: $256.70 million compared to the $250.79 million average estimate based on three analysts.
Segment Operating income- Corporate and Other- Non-GAAP: -$25.80 million versus the three-analyst average estimate of -$28.65 million.
Segment Operating income- Paper- Non-GAAP: $30.20 million versus the three-analyst average estimate of $25.44 million.
Shares of Packaging Corp. have returned -3.1% over the past month versus the Zacks S&P 500 composite's -4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Packaging Corp. (PKG) Reports Q3 Earnings: What Key Metrics Have to Say
Packaging Corp. (PKG - Free Report) reported $1.94 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 8.9%. EPS of $2.05 for the same period compares to $2.83 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.96 billion, representing a surprise of -1.20%. The company delivered an EPS surprise of +6.77%, with the consensus EPS estimate being $1.92.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Packaging Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Segment Sales- Packaging: $1.76 billion versus the three-analyst average estimate of $1.78 billion. The reported number represents a year-over-year change of -9.3%.
- Segment sales- Corporate: $18.30 million versus $18.70 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -10.3% change.
- Segment Sale- Paper: $157.90 million compared to the $147.83 million average estimate based on three analysts. The reported number represents a change of -4.5% year over year.
- Segment Operating income- Packaging- Non-GAAP: $256.70 million compared to the $250.79 million average estimate based on three analysts.
- Segment Operating income- Corporate and Other- Non-GAAP: -$25.80 million versus the three-analyst average estimate of -$28.65 million.
- Segment Operating income- Paper- Non-GAAP: $30.20 million versus the three-analyst average estimate of $25.44 million.
View all Key Company Metrics for Packaging Corp. here>>>Shares of Packaging Corp. have returned -3.1% over the past month versus the Zacks S&P 500 composite's -4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.