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]

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 | --- | --- | --- | --- | ...

Core Insights - Packaging Corp. (PKG) is expected to report quarterly earnings of $2.47 per share, a 20.5% increase year-over-year, with revenues projected at $2.1 billion, reflecting an 8.2% year-over-year growth [1] - Analysts have revised the consensus EPS estimate upward by 0.3% over the past 30 days, indicating a collective reassessment of projections [2] - Revisions to earnings estimates are significant indicators for predicting investor actions and have shown a strong correlation with short-term stock price performance [3] Financial Metrics - Segment Sales for Packaging is estimated to reach $1.91 billion, representing an 8.6% increase from the previous year [5] - Segment Sales for Corporate is projected at $19.02 million, indicating a 3.9% year-over-year change [5] - Segment Sales for Paper is expected to be $158.48 million, reflecting a 0.4% increase year-over-year [5] - Segment Operating Income for Packaging (Non-GAAP) is anticipated to be $308.48 million, up from $256.70 million in the same quarter last year [6] - Segment Operating Income for Paper (Non-GAAP) is projected at $29.38 million, slightly down from $30.20 million reported in the same quarter last year [6] Market Performance - Packaging Corp. shares have increased by 4.4% over the past month, outperforming the Zacks S&P 500 composite, which rose by 3.8% [6] - The company holds a Zacks Rank 2 (Buy), suggesting it is expected to outperform the overall market in the near term [6]

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 ...