Packaging and materials company International Paper (NYSE: IP) will be reporting results this Thursday before the bell. Here’s what to expect.
International Paper missed analysts’ revenue expectations by 1.5% last quarter, reporting revenues of $5.90 billion, up 27.8% year on year. It was a softer quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EPS estimates.
Is International Paper a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting International Paper’s revenue to grow 40.2% year on year to $6.64 billion, improving from the 1.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.39 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at International Paper’s peers in the industrial packaging segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Graphic Packaging Holding’s revenues decreased 1.5% year on year, beating analysts’ expectations by 2.1%, and Crown Holdings reported revenues up 3.6%, topping estimates by 0.9%. Crown Holdings’s stock price was unchanged following the results.
Read our full analysis of Graphic Packaging Holding’s results here and Crown Holdings’s results here.
There has been positive sentiment among investors in the industrial packaging segment, with share prices up 5.5% on average over the last month. International Paper is up 17.4% during the same time and is heading into earnings with an average analyst price target of $55.37 (compared to the current share price of $55).
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