Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Gro ...

Core Viewpoint - Packaging Corp. (PKG) has consistently beaten earnings estimates and is well-positioned for future earnings growth, making it a strong candidate for investors [1]. Earnings Performance - Packaging Corp. has a history of beating earnings estimates, with an average surprise of 5.31% over the last two quarters [2]. - In the last reported quarter, the company achieved earnings of $2.65 per share, exceeding the Zacks Consensus Estimate of $2.48 per share by 6.85% [3]. - In the previous quarter, the company reported earnings of $2.20 per share against an expectation of $2.12 per share, resulting in a surprise of 3.77% [3]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Packaging Corp., with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [4]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [5]. - Packaging Corp. currently has an Earnings ESP of +0.96%, suggesting increased analyst optimism regarding its near-term earnings potential [7]. Upcoming Earnings Report - The next earnings report for Packaging Corp. is expected to be released on January 28, 2025 [7].

The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Packaging Corp. (PKG) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Packaging Corp. is one of 213 companies in the Industrial Products group. The Industrial Products group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zack ...

Core Viewpoint - Packaging Corp. (PKG) is experiencing significant selling pressure, but indicators suggest a potential trend reversal due to oversold conditions and positive earnings revisions from analysts [1][3][4]. Group 1: Technical Indicators - The Relative Strength Index (RSI) for PKG is at 24.33, indicating that the stock is in oversold territory, typically suggesting a potential price reversal when below 30 [1][2]. - The stock has declined by 7.3% over the past four weeks, positioning it for a possible trend reversal [3]. Group 2: Analyst Sentiment - There is a strong consensus among Wall Street analysts that PKG will report better earnings than previously predicted, leading to an increase in the consensus EPS estimate by 0% over the last 30 days [3][4]. - PKG holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating strong potential for price appreciation [4].

Packaging Corp. (PKG) has been beaten down lately with too much selling pressure. While the stock has lost 6.1% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator tha ...

Packaging Corp. (PKG) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The pow ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, leveraging established price movements for profitable trades [1]. Company Overview: Packaging Corp. (PKG) - Packaging Corp. currently holds a Momentum Style Score of A, indicating strong momentum characteristics [1]. - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [2]. Price Performance - Over the past week, PKG shares increased by 1%, while the Zacks Containers - Paper and Packaging industry rose by 2.37% [3]. - In a longer timeframe, PKG's monthly price change is 6.68%, outperforming the industry's 1.01% [3]. - Over the past quarter, PKG shares have risen by 14.4%, and over the last year, they have gained 53.58%, compared to the S&P 500's increases of 4.71% and 39.26%, respectively [3]. Trading Volume - PKG's average 20-day trading volume is 502,789 shares, which serves as a bullish indicator when combined with rising stock prices [3]. Earnings Outlook - In the last two months, two earnings estimates for PKG have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $8.72 to $8.77 [4]. - For the next fiscal year, two estimates have also moved upwards without any downward revisions [4]. Conclusion - Given the strong momentum indicators and positive earnings outlook, PKG is recommended as a stock to consider for near-term investment opportunities [4].

Have you been paying attention to shares of Packaging Corp. (PKG) ? Shares have been on the move with the stock up 6.7% over the past month. The stock hit a new 52-week high of $231.3 in the previous session. Packaging Corp. has gained 40.4% since the start of the year compared to the 9.8% move for the Zacks Industrial Products sector and the 18.5% return for the Zacks Containers - Paper and Packaging industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprise ...

Packaging Corporation of America (PKG) reported adjusted earnings per share (EPS) of $2.65 in the third quarter of 2024, beating the Zacks Consensus Estimate of earnings of $2.48. The bottom line was higher than the company’s earnings guidance of $2.45 per share and grew 29% year over year. The upside was driven by higher volume in both segments, and increased prices and mix in the Packaging segment, partially offset by lower prices and mix in the Paper segment. Including one-time items, earnings in the rep ...

Financial Data and Key Metrics Changes - Third quarter net income for 2024 was $238 million, or $2.64 per share, compared to $185 million, or $2.05 per share in the same quarter of 2023, reflecting a significant increase [3] - Net sales increased to $2.2 billion in Q3 2024 from $1.9 billion in Q3 2023 [3] - Total company EBITDA for Q3 2024 was $461 million, up from $388 million in Q3 2023 [3] Business Line Data and Key Metrics Changes - In the Packaging segment, EBITDA excluding special items was $446 million with sales of $2 billion, resulting in a margin of 22.2%, compared to last year's EBITDA of $374 million with sales of $1.8 billion and a margin of 21.3% [5] - The Paper segment reported EBITDA of $43 million with sales of $159 million, achieving a margin of 27.0%, up from $35 million and a margin of 22.4% in Q3 2023 [9] Market Data and Key Metrics Changes - Shipments per day in the corrugated products segment increased by 11.1% compared to Q3 2023, with total shipments up 12.9% [7] - Domestic containerboard and corrugated products prices increased by $0.35 per share compared to Q2 2024, remaining flat compared to Q3 2023 [8] Company Strategy and Development Direction - The company plans to continue investing in capital projects, with a focus on enhancing production capabilities and meeting customer demands [19][20] - There are plans for new plant constructions over the next few years, with significant capital spending aimed at high-return opportunities [31] Management's Comments on Operating Environment and Future Outlook - Management expects strong demand in the Packaging segment to continue, although total shipments may be impacted by fewer shipping days and recent crop damage in Florida [12] - The Paper segment is anticipated to see lower shipments compared to the stronger Q3, with operating costs expected to rise due to seasonal factors [13] Other Important Information - Cash provided from operations totaled $327 million, with free cash flow of $180 million [10] - The company ended the quarter with $841 million in cash and marketable securities, maintaining liquidity of approximately $1.2 billion [10] Q&A Session Summary Question: Can you talk about where bookings and billings are to start the fourth quarter? - Bookings and billings are up just over 8% versus last year, with strong growth in the e-commerce segment [15][16] Question: How should we think about your volumes and when growth should normalize? - The company plans to take advantage of every opportunity for profitable growth, with expectations of tougher comparisons starting next year [22][23] Question: Can you elaborate on the crop damage and its impact on volume? - The crop damage in Florida is expected to delay traditional crop yields, impacting volume in the fourth quarter [17] Question: What are the opportunities for capital allocation going forward? - The company evaluates capital allocation for the highest returns, focusing on strategic capital spending and share repurchases [30][31] Question: Can you provide insight into the higher operating costs? - Higher operating costs were primarily due to increased OCC costs and labor, along with other indirect costs [49]