Packaging Corporation of America's Upcoming Earnings: A Look Ahead
- Earnings Per Share (EPS) is expected to see a 20.5% increase year-over-year to $2.47.
- Projected revenue of $2.1 billion, marking an 8.2% increase from the previous year.
- Positive revisions in consensus EPS estimate by 0.3%, indicating analyst confidence in short-term performance.
Packaging Corporation of America (NYSE:PKG) is a leading player in the packaging industry, known for its production of containerboard and corrugated packaging products. As it prepares to release its third-quarter 2024 earnings on October 22, analysts are keenly observing the company's financial performance. PKG's competitors include International Paper and WestRock, both of which are significant players in the packaging sector.
PKG is expected to report earnings per share (EPS) of $2.47, a notable 20.5% increase from the same quarter last year. This growth is supported by a projected revenue of $2.1 billion, reflecting an 8.2% year-over-year increase. The company's ability to achieve these figures despite potential pricing challenges in its segments highlights its resilience and strong market position.
Over the past month, there has been a slight upward revision of 0.3% in the consensus EPS estimate for PKG. This positive reassessment by analysts suggests confidence in the company's short-term performance. Historically, PKG has exceeded earnings expectations, with an average earnings surprise of 8.6% over the last four quarters, although the Zacks model does not guarantee an earnings beat this time.
PKG's financial metrics provide further insight into its market standing. With a price-to-earnings (P/E) ratio of 27.40, investors are willing to pay a premium for each dollar of earnings, indicating strong market confidence. The company's price-to-sales ratio of 2.49 and enterprise value to sales ratio of 2.81 reflect its robust valuation relative to revenue.
The company's financial health is underscored by its debt-to-equity ratio of 0.72, showing a balanced approach to financing its assets. Additionally, a current ratio of 2.43 indicates PKG's strong ability to meet short-term liabilities. These metrics, combined with an earnings yield of 3.65%, suggest a solid return on investment for shareholders.
| Symbol | Price | %chg |
|---|---|---|
| FASW.JK | 5450 | 0 |
| PBID.JK | 496 | -0.4 |
| TRST.JK | 484 | 0.83 |
| 014825.KS | 18290 | 0 |
Packaging Corporation of America's Upcoming Earnings: A Look Ahead
- Earnings Per Share (EPS) is expected to see a 20.5% increase year-over-year to $2.47.
- Projected revenue of $2.1 billion, marking an 8.2% increase from the previous year.
- Positive revisions in consensus EPS estimate by 0.3%, indicating analyst confidence in short-term performance.
Packaging Corporation of America (NYSE:PKG) is a leading player in the packaging industry, known for its production of containerboard and corrugated packaging products. As it prepares to release its third-quarter 2024 earnings on October 22, analysts are keenly observing the company's financial performance. PKG's competitors include International Paper and WestRock, both of which are significant players in the packaging sector.
PKG is expected to report earnings per share (EPS) of $2.47, a notable 20.5% increase from the same quarter last year. This growth is supported by a projected revenue of $2.1 billion, reflecting an 8.2% year-over-year increase. The company's ability to achieve these figures despite potential pricing challenges in its segments highlights its resilience and strong market position.
Over the past month, there has been a slight upward revision of 0.3% in the consensus EPS estimate for PKG. This positive reassessment by analysts suggests confidence in the company's short-term performance. Historically, PKG has exceeded earnings expectations, with an average earnings surprise of 8.6% over the last four quarters, although the Zacks model does not guarantee an earnings beat this time.
PKG's financial metrics provide further insight into its market standing. With a price-to-earnings (P/E) ratio of 27.40, investors are willing to pay a premium for each dollar of earnings, indicating strong market confidence. The company's price-to-sales ratio of 2.49 and enterprise value to sales ratio of 2.81 reflect its robust valuation relative to revenue.
The company's financial health is underscored by its debt-to-equity ratio of 0.72, showing a balanced approach to financing its assets. Additionally, a current ratio of 2.43 indicates PKG's strong ability to meet short-term liabilities. These metrics, combined with an earnings yield of 3.65%, suggest a solid return on investment for shareholders.
