International Paper Company (NYSE:IP) is set to announce third quarter earning results on Thursday 29th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, IP to report 3Q20 income of $ 0.48 per share.
For the full year, analysts anticipate top line of $ 20465.00 million, while looking forward to income of $ 2.55 per share bottom line.
Previous Quarter Performance
International Paper Company unwinded income for the second quarter of $ 0.77 per share, from the revenue of $ 4,866.00 million. The quarterly earnings 33.04 percent while revenues dropped 14.13 percent compared with the same quarter last year.
Street analysts expected International Paper Company to report income of $ 0.39 per share on revenue of $ 4973.23 million for the second quarter. The bottom line results beat street analysts by $ 0.38 or 97.44 percent, at the same time, top line results fell short of analysts by $ 107.23 million or 2.16 percent.
Stock Performance
Shares of International Paper Company traded low $ -1.37 or -3.09 percent on Wednesday, reaching $ 43.00 with volume of 3.48 million shares. International Paper Company has traded high as $ 43.92 and has cracked $ 42.70 on the downward trend
According to the previous trading day, closing price of $ 43.00, representing a 68.20 % increase from the 52 week low of $ 26.38 and a 6.86 % decrease over the 52 week high of $ 47.64.
The company has a market capital of $ 16.90 billion and is part of the Consumer Cyclical sector and Packaging & Containers industry.
Conference Call
International Paper Company will be hosting a conference call at 10:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.internationalpaper.com
International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating Kraft.
