Packaging Corp of America Q4 Adj EPS $2.13 Beats $1.83 Estimate, Sales $1.94B Beat $1.91B Estimate
Portfolio Pulse from Benzinga Newsdesk
Packaging Corp of America (NYSE:PKG) exceeded analyst expectations for Q4 with an adjusted EPS of $2.13, surpassing the $1.83 estimate, and sales of $1.94B, beating the $1.91B estimate. However, these figures represent a decrease from the previous year, with earnings down 9.36% and sales down 2.07%.
January 24, 2024 | 10:00 pm
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POSITIVE IMPACT
Packaging Corp of America reported a strong Q4 with earnings and sales beating estimates, but showed a decline from the previous year's figures.
The positive earnings and sales beat are likely to instill investor confidence and could lead to a short-term uptick in $PKG's stock price. However, the year-over-year decline in both earnings and sales may temper the market's reaction, suggesting a moderate rather than a strong impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100