Latest news with #PackagingCorp
Yahoo
17-07-2025
- Business
- Yahoo
Packaging Corp Stock Set to Report Q2 Earnings: What to Expect?
Packaging Corporation of America PKG is set to release second-quarter 2025 results on July 23, after the closing Zacks Consensus Estimate for PKG's second-quarter revenues is pegged at $2.16 billion, indicating 4.1% growth from the year-ago reported consensus estimate for earnings is pegged at $2.44 per share. The Zacks Consensus Estimate for PKG's second-quarter earnings has moved 0.4% north in the past 60 days. The estimate indicates year-over-year growth of 10.9%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Image Source: Zacks Investment Research PKG's Earnings Surprise History Packaging Corp's earnings beat the Zacks Consensus Estimates in three of the trailing four quarters and missed in one, the average surprise being 3.4%. Image Source: Zacks Investment Research What the Zacks Model Unveils for Packaging Corp Our model predicts an earnings beat for PKG this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is precisely the case here, as you can see can uncover the best stocks before they are reported with our Earnings ESP ESP: Packaging Corp has an Earnings ESP of +0.77%.Zacks Rank: PKG currently carries a Zacks Rank of 3. Factors Likely to Have Shaped PKG's Q2 Performance Packaging Corp's second-quarter results are expected to reflect the impacts of lower containerboard volume. The price and mix impacts for the Packaging segment are expected to be favorable at 1.5% for the quarter, per our in the Packaging segment is expected to have been strong in the second quarter. Our model predicts the Packaging segment's volume to increase 2.7% year over year in the quarter to be reported, indicating stable packaging estimate for the segment's quarterly revenues is pegged at $1.99 billion, suggesting growth of 4.2% from the year-ago quarter's reported number. Our model estimates the segment's operating income at $291 million, indicating growth of 4% from the prior-year reported the Paper segment, prices and mix are expected to have increased 1% year over year. We expect volume to dip 7.9% year over year. The estimate for the Paper segment's revenues is pegged at $140 million for the June-end quarter, suggesting a dip of 6.9% from the year-ago reported figure. The estimate for the segment's operating income is $46 million, indicating a 75% rise from the prior-year quarter's actual. Packaging Corp's Stock Price Performance Over the past year, PKG shares have gained 7.7% against the industry's 7.1% fall. Image Source: Zacks Investment Research Stocks That Warrant a Look Here are some companies with the right combination of elements to post an earnings beat in their upcoming Electric Co. EMR, expected to release earnings on Aug 6, currently has an Earnings ESP of +0.46% and a Zacks Rank of 3. You can see the complete list of today's Zacks #1 Rank stocks here. The consensus estimate for Emerson Electric's earnings for the third quarter of fiscal 2025 is pegged at $1.51 per share, indicating year-over-year growth of 5.6%. EMR has a trailing four-quarter average surprise of 3.4%.Illinois Tool Works Inc. ITW, slated to release second-quarter 2025 results on July 30, has an Earnings ESP of +0.97% and a Zacks Rank of 3 at Zacks Consensus Estimate for Illinois Tool Works' second-quarter 2025 earnings is pegged at $2.55 per share, suggesting a year-over-year rise of 0.4%. ITW has a trailing four-quarter average surprise of 3%.Crown Holdings, Inc. CCK is scheduled to release second-quarter 2025 results on July 21. It currently has an Earnings ESP of +0.27% and a Zacks Rank of Zacks Consensus Estimate for Crown Holdings' earnings is pegged at $1.86 per share, which indicates a year-over-year increase of 2.8%. CCK has a trailing four-quarter average surprise of 16.3%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Illinois Tool Works Inc. (ITW) : Free Stock Analysis Report Emerson Electric Co. (EMR) : Free Stock Analysis Report Packaging Corporation of America (PKG) : Free Stock Analysis Report Crown Holdings, Inc. (CCK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
04-07-2025
- Business
- Yahoo
Packaging Corporation of America's Quarterly Earnings Preview: What You Need to Know
Valued at $18.2 billion by market cap, Packaging Corporation of America (PKG), based in Lake Forest, Illinois, operates as a leading U.S. producer of containerboard and corrugated packaging. Operating through its Packaging and Paper segments, PKG provides essential products like shipping containers and protective packaging to industries such as food, beverages, and industrial goods. The packaging giant is expected to announce its second-quarter results after the markets close on Wednesday, Jul. 23. Ahead of the event, analysts expect PKG to deliver an adjusted earnings of $2.43 per share, up 10.5% from $2.20 per share reported in the year-ago quarter. While the company has missed the Street's bottom-line estimates once over the past four quarters, it has surpassed the expectations on three other occasions. Michael Saylor Says 'You'll Wish You'd Bought More' Bitcoin as MicroStrategy Doubles Down Is Microsoft Stock About to Go Nuclear? Is Super Micro Computer Stock a Buy, Sell, or Hold for July 2025? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Furthermore, for the full fiscal 2025, PKG's earnings are expected to grow to $10.35 per share, up a notable 14.5% from $9.04 per share in fiscal 2024. Moreover, its earnings are expected to further grow 9.8% year-over-year to $10.35 per share in fiscal 2026. Packaging Corp. has gained 13.8% over the past 52-week period, underperforming the Consumer Discretionary Select Sector SPDR Fund's (XLY) 17.9% surge but slightly outpacing the S&P 500 Index's ($SPX) 13% gains during the same time frame. Despite reporting better-than-expected financials, PKG stock prices observed a marginal dip in the trading session after the release of its Q1 results on Apr. 22. The company's packaging sales experienced a solid boost during the quarter, leading to its net sales growing 8.2% year-over-year to $2.1 billion, surpassing the Street's expectations by a thin margin. Meanwhile, driven by a favorable pricing mix, its margins observed a significant expansion. This led to its adjusted EPS soaring 34.3% year-over-year to $2.31, exceeding the consensus estimates by 4.5%. Following the initial dip, PKG stock prices rose 2.2% in the subsequent trading session. The stock holds a consensus 'Moderate Buy' rating overall. Of the eight analysts covering the PKG stock, opinions include three 'Strong Buys' and five 'Holds.' Its mean price target of $210.22 suggests a modest 4.1% upside potential. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
02-07-2025
- Business
- Yahoo
Packaging Corp. of America to Acquire Greif's Containerboard Business for $1.8 Billion
Packaging Corp. of America (PKG) has agreed to buy the containerboard business of industrial packagi
Yahoo
01-07-2025
- Business
- Yahoo
Packaging Corp to buy Greif's containerboard business for $1.8 billion
(Reuters) -Packaging Corp of America said on Tuesday it had agreed to buy the containerboard business of peer Greif for $1.8 billion in cash. Greif's shares rose 1.6% before the bell. The transaction, expected to close by the end of third quarter, includes the takeover of Greif's two containerboard mills with about 800,000-ton production capacity and eight sheet feeder and corrugated plants located across the United States. Sign in to access your portfolio
