Packaging Corporation of America (PKG) Reports Q2: Everything You Need To Know Ahead Of Earnings
Article excerpt
Highlighted: the sentence this signal was extracted from
Packaging Corporation of America PKG will be announcing earnings results this Wednesday afternoon. Here's what investors should know. Packaging Corporation of America missed analysts' revenue expectations last quarter, reporting revenues of $2.37 billion, up 10.6% year on year. It was a softer quarter for the company, with a significant miss of analysts' EPS estimates and EPS guidance for next quarter missing analysts' expectations. Is Packaging Corporation of America a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting Packaging Corporation of America's revenue to grow 15.2% year on year, improving from the 4.6% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Packaging Corporation of America has missed Wall Street's revenue estimates multiple times over the last two years. Looking at Packaging Corporation of America's peers in the industrials segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Crown Holdings delivered year-on-year revenue growth of 16.5%, beating analysts' expectations by 9.3%, and Apogee reported a revenue decline of 1.1%, topping estimates by 3.4%...
Keep reading with a free account
The rest of this article, and every signal for Packaging Corporation of America, is in your free account.
