Packaging Corporation Of America Expects Q3 Of $1.88; Consensus $1.94
Portfolio Pulse from Benzinga Newsdesk
Packaging Corporation Of America (PKG) has projected its Q3 earnings to be $1.88 per share, which is below the consensus estimate of $1.94.
July 24, 2023 | 9:20 pm
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Packaging Corporation Of America's projected Q3 earnings of $1.88 per share is lower than the consensus estimate of $1.94. This could potentially impact the company's stock negatively in the short term.
Earnings projections are a significant factor in stock prices. If a company's projected earnings are lower than the consensus estimate, it often leads to a decrease in the company's stock price as it indicates potential financial underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100