The exciting news about Packaging Corporation of America (NYSE: PKG) will be shared on Tuesday 22nd October 2024. Investors and analysts are eagerly waiting to hear about the company's financial performance for the third quarter of 2024. This significant announcement will happen after market close.
According to the forecasts of financial experts on Wall Street, the enterprise is expected to reveal an anticipated $2.49 profit per share for the quarter. Additionally, the firm is poised to disclose a quarterly revenue of $2.09 billion.
When looking back at the corresponding quarter from the previous year, the company's earnings report showcased a per-share income of $2.05. This was attributed to the company's total revenue, which amounted to an impressive $1.94 billion during that same period.
Analysts forecasting the company's performance for this year have been made public. The estimated total revenue is about $8.23 billion. They also predict that throughout the course of the fiscal year, the business will make about profit of $8.87 per share.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $2.20 | -4.8% | 2.08 B | +6.3% |
| Q1 2024 | $1.72 | -21.8% | 1.98 B | +0.2% |
| Q4 2023 | $2.13 | -9.4% | 1.94 B | -2.0% |
| Q3 2023 | $2.05 | -27.6% | 1.94 B | -8.9% |
| Q2 2023 | $2.31 | -28.5% | 1.95 B | -12.7% |
| *Growth on year-over-year basis | ||||
PKG has scheduled a conference call on 23rd October 2024 at 09:00 AM eastern time to discuss the third quarter financial results and other related information.
Friday's trading saw Packaging Corporation of America (PKG) shares hit a low of $219.64 and a high of $222.17, with a day volume of 713.10 thousand shares. The stock closed the regular trading session at $220.12, indicating 0.13 percent decline.
