Graphic Packaging Holding Q3 2024 Adj. EPS $0.64 Misses $0.67 Estimate, Sales $2.263 Miss $2.268B Estimate
Portfolio Pulse from Benzinga Newsdesk
Graphic Packaging Holding (NYSE:GPK) reported Q3 2024 earnings of $0.64 per share, missing the consensus estimate of $0.67. Sales were $2.263 billion, also below the expected $2.268 billion, and a decrease from $2.349 billion in the same period last year.
October 29, 2024 | 10:34 am
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NEGATIVE IMPACT
Graphic Packaging Holding's Q3 2024 earnings and sales both missed analyst estimates, with earnings per share at $0.64 versus the expected $0.67, and sales at $2.263 billion versus the expected $2.268 billion. This represents a decline from the previous year's sales of $2.349 billion.
The earnings and sales figures both missing analyst estimates are likely to negatively impact GPK's stock price in the short term. The decline in sales compared to the previous year further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100