We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
International Paper (IP) Marginally Beats on Q2 Earnings
Read MoreHide Full Article
With operations in North America, Europe, Latin America, Russia, Asia, and North Africa, International Paper Company (IP - Free Report) is a premier paper and packaging firm. As part of its restructuring plans to increase focus on its core business, the company has divested its distribution business xpedx along with its corrugated packaging business in China and Southeast Asia. The company has also completed the acquisition of leading timberland owner Weyerhaeuser Co.’s pulp business. IP is likely to gain from its extensive geographic footprint, wide-ranging product portfolio and a differentiated service platform.
In the last four trailing quarters, IP has beaten estimates thrice for an average surprise of 4.1%. As the extent of competition is increasing over time, investors have been eagerly awaiting for the company’s latest earnings report.
Currently, IP has a Zacks Rank #3 (Hold), but that could definitely change following the second-quarter 2017 earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. We have highlighted some of the key stats from this just-revealed announcement below.
Earnings: IP beats earnings. The Zacks Consensus Estimate called for EPS of 64 cents, and the company reported adjusted operating EPS of 65 cents.
International Paper Company Price and EPS Surprise
Revenues: Revenues exceeded estimates. IP posted revenues of $5,772 million, compared with the Zacks Consensus Estimate of $5,678 million.
Key Stats to Note: IP expects solid traction in the future with price increases, acquisition synergies and significantly lower outage expenses, thereby remaining confident to achieve its full year earnings target.
Stock Price: Shares did not show any change in the pre-market trading following the release at the time of this write-up.
Check back our full write up on this IP earnings report later!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
International Paper (IP) Marginally Beats on Q2 Earnings
With operations in North America, Europe, Latin America, Russia, Asia, and North Africa, International Paper Company (IP - Free Report) is a premier paper and packaging firm. As part of its restructuring plans to increase focus on its core business, the company has divested its distribution business xpedx along with its corrugated packaging business in China and Southeast Asia. The company has also completed the acquisition of leading timberland owner Weyerhaeuser Co.’s pulp business. IP is likely to gain from its extensive geographic footprint, wide-ranging product portfolio and a differentiated service platform.
In the last four trailing quarters, IP has beaten estimates thrice for an average surprise of 4.1%. As the extent of competition is increasing over time, investors have been eagerly awaiting for the company’s latest earnings report.
Currently, IP has a Zacks Rank #3 (Hold), but that could definitely change following the second-quarter 2017 earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. We have highlighted some of the key stats from this just-revealed announcement below.
Earnings: IP beats earnings. The Zacks Consensus Estimate called for EPS of 64 cents, and the company reported adjusted operating EPS of 65 cents.
International Paper Company Price and EPS Surprise
International Paper Company Price and EPS Surprise | International Paper Company Quote
Revenues: Revenues exceeded estimates. IP posted revenues of $5,772 million, compared with the Zacks Consensus Estimate of $5,678 million.
Key Stats to Note: IP expects solid traction in the future with price increases, acquisition synergies and significantly lower outage expenses, thereby remaining confident to achieve its full year earnings target.
Stock Price: Shares did not show any change in the pre-market trading following the release at the time of this write-up.
Check back our full write up on this IP earnings report later!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>