Packaging Corporation of America (NYSE:PKG) Q3 2024 Earnings Call Transcript October 23, 2024 9:00 AM ET Company Participants Mark Kowlzan - Chairman and Chief Executive Officer Tom Hassfurther - Executive Vice President, Corrugated Products Bob Mundy - Executive Vice President and Chief Financial Officer Conference Call Participants George Staphos - Bank of America Securities Mike Roxland - Truist Securities Gabe Hajde - Wells Fargo Mark Weintraub - Seaport Research Partners Philip Ng - Jeffries Anthony Pe ...

Packaging Corp. (PKG) reported $2.18 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 12.7%. EPS of $2.65 for the same period compares to $2.05 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.1 billion, representing a surprise of +3.89%. The company delivered an EPS surprise of +6.85%, with the consensus EPS estimate being $2.48.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

Packaging Corp. (PKG) came out with quarterly earnings of $2.65 per share, beating the Zacks Consensus Estimate of $2.48 per share. This compares to earnings of $2.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.85%. A quarter ago, it was expected that this maker of containerboard and corrugated packaging products would post earnings of $2.12 per share when it actually produced earnings of $2.20, delivering a surprise of ...

Exhibit 99.1 PACKAGING CORPORATION OF AMERICA REPORTS THIRD QUARTER 2024 RESULTS Lake Forest, IL, October 22, 2024 – Packaging Corporation of America (NYSE: PKG) today reported third quarter 2024 net income of $238 million, or $2.64 per share, and net income of $239 million, or $2.65 per share, excluding special items. Third quarter net sales were $2.2 billion in 2024 and $1.9 billion in 2023. Diluted earnings per share attributable to Packaging Corporation of America shareholders | --- | --- | --- | --- | ...

In its upcoming report, Packaging Corp. (PKG) is predicted by Wall Street analysts to post quarterly earnings of $2.47 per share, reflecting an increase of 20.5% compared to the same period last year. Revenues are forecasted to be $2.1 billion, representing a year-over-year increase of 8.2%. The current level reflects an upward revision of 0.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initia ...

Packaging Corporation of America (PKG) is set to release third-quarter 2024 results on Oct. 22, after the closing bell. The Zacks Consensus Estimate for PKG's third-quarter revenues is pegged at $2.1 billion, indicating 8.2% growth from the year-ago reported figure. The consensus estimate for earnings is pegged at $2.47 per share. The Zacks Consensus Estimate for PKG's third-quarter earnings has been unchanged for the past 60 days. The estimate indicates a year-over-year increase of 20.5%. | --- | --- | --- ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

Packaging Corp. (PKG) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Since a changing earni ...

Shares of Packaging Corporation of America (PKG) have scaled a new 52-week high of $204.58 on Aug 23, before closing the session lower at $203.81. PKG currently has a market capitalization of $18.3 billion and flaunts a Zacks Rank #1 (Strong Buy). So far this year, Packaging Corp's shares have gained 25.1%. PKG has outperformed the industry's 14% growth and the S&P 500's 18.1% rise. Meanwhile, the Industrial Products sector has gained 7.9%. Image Source: Zacks Investment Research What's Driving the PKG Stoc ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...