Earnings Outlook For Packaging Corp of America
Portfolio Pulse from Benzinga Insights
Packaging Corp of America (NYSE:PKG) is expected to release its quarterly earnings report on Wednesday, 2024-01-24, with an estimated EPS of $1.83. Investors are looking for an earnings beat and positive guidance for future growth. Historically, PKG's stock price has reacted to both earnings outcomes and guidance. Last quarter, PKG beat the EPS estimate by $0.12, leading to a 3.04% stock price increase the following day. Over the last year, PKG shares have risen by 27.95%, trading at $165.24 as of January 22.
January 23, 2024 | 6:01 pm
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Packaging Corp of America is anticipated to report quarterly earnings with an EPS estimate of $1.83. Positive guidance and earnings beats in the past have led to stock price increases. Shares have appreciated 27.95% over the past year.
Given the historical positive reaction to earnings beats and the overall upward trend of PKG's stock over the past year, there is a likelihood of a short-term positive impact on the stock price if the company reports a beat on the estimated EPS and provides favorable guidance. The importance is high as earnings reports are critical investor events, but not at the maximum because market conditions and other unforeseen factors can also influence stock performance.
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