Packaging Corporation Of America Expects Q3 EPS Of $2.45, Est $2.43
Portfolio Pulse from Benzinga Newsdesk
Packaging Corporation Of America (PKG) expects Q3 EPS of $2.45, with strengthening shipments-per-day and higher containerboard volume. Paper volume will be slightly lower due to the timing of back-to-school business received in Q2.
July 23, 2024 | 8:36 pm
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Packaging Corporation Of America (PKG) expects Q3 EPS of $2.45, with strengthening shipments-per-day and higher containerboard volume. Paper volume will be slightly lower due to the timing of back-to-school business received in Q2.
The expected Q3 EPS of $2.45 and the potential for record shipments-per-day indicate strong performance, which is likely to positively impact PKG's stock price in the short term. The slight decrease in paper volume is a minor concern but is offset by the overall positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100