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International Paper (IP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended September 2023, International Paper (IP - Free Report) reported revenue of $4.61 billion, down 14.6% over the same period last year. EPS came in at $0.64, compared to $1.01 in the year-ago quarter.
The reported revenue represents a surprise of -4.89% over the Zacks Consensus Estimate of $4.85 billion. With the consensus EPS estimate being $0.59, the EPS surprise was +8.47%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how International Paper performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Global Cellulose Fibers: $725 million versus $694.90 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -18.3% change.
Net Sales- Industrial Packaging: $3.79 billion compared to the $3.99 billion average estimate based on three analysts. The reported number represents a change of -13.6% year over year.
Net Sales- Corporate and Inter-segment: $101 million versus $119.22 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -22.3% change.
Operating Profit- Global Cellulose Fibers: $27 million compared to the $23.21 million average estimate based on three analysts.
Operating Profit- Industrial Packaging: $325 million compared to the $331.20 million average estimate based on three analysts.
Shares of International Paper have returned -5.2% over the past month versus the Zacks S&P 500 composite's -3.4% 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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International Paper (IP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended September 2023, International Paper (IP - Free Report) reported revenue of $4.61 billion, down 14.6% over the same period last year. EPS came in at $0.64, compared to $1.01 in the year-ago quarter.
The reported revenue represents a surprise of -4.89% over the Zacks Consensus Estimate of $4.85 billion. With the consensus EPS estimate being $0.59, the EPS surprise was +8.47%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how International Paper performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Global Cellulose Fibers: $725 million versus $694.90 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -18.3% change.
- Net Sales- Industrial Packaging: $3.79 billion compared to the $3.99 billion average estimate based on three analysts. The reported number represents a change of -13.6% year over year.
- Net Sales- Corporate and Inter-segment: $101 million versus $119.22 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -22.3% change.
- Operating Profit- Global Cellulose Fibers: $27 million compared to the $23.21 million average estimate based on three analysts.
- Operating Profit- Industrial Packaging: $325 million compared to the $331.20 million average estimate based on three analysts.
View all Key Company Metrics for International Paper here>>>Shares of International Paper have returned -5.2% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.