Packaging Corp of America Q2 2024 Adj EPS $2.20 Beats $2.14 Estimate, Sales $2.075B Beat $2.025B Estimate
Portfolio Pulse from Benzinga Newsdesk
Packaging Corp of America (NYSE:PKG) reported Q2 2024 earnings of $2.20 per share, beating the analyst estimate of $2.14. Sales were $2.075 billion, also surpassing the $2.025 billion estimate. Despite the earnings beat, EPS decreased by 4.76% year-over-year.
July 23, 2024 | 8:29 pm
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Packaging Corp of America (NYSE:PKG) reported Q2 2024 earnings of $2.20 per share, beating the analyst estimate of $2.14. Sales were $2.075 billion, also surpassing the $2.025 billion estimate. Despite the earnings beat, EPS decreased by 4.76% year-over-year.
PKG's earnings and sales both beat analyst estimates, which is generally positive for the stock price. However, the year-over-year decrease in EPS may temper some of the enthusiasm. Overall, the short-term impact is likely to be positive due to the earnings and sales beats.
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IMPORTANCE 80
RELEVANCE 100