Why Packaging Corp. (PKG) Could Beat Earnings Estimates Again

Core Viewpoint - Packaging Corp. (PKG) is highlighted as a strong candidate for investors due to its consistent performance in beating earnings estimates and its favorable positioning for future earnings reports [1]. Company Performance - Packaging Corp. has a solid track record of exceeding earnings estimates, with an average surprise of 11.93% over the last two quarters [2]. - In the last reported quarter, the company achieved earnings of $1.72 per share, surpassing the Zacks Consensus Estimate of $1.63 per share by 5.52% [3]. - For the previous quarter, the company reported earnings of $2.13 per share against an expected $1.80 per share, resulting in a surprise of 18.33% [3]. Earnings Estimates and Predictions - Estimates for Packaging Corp. have been trending upward, supported by its history of earnings surprises [4]. - The company currently has a positive Zacks Earnings ESP of +0.66%, indicating increased analyst optimism regarding its near-term earnings potential [7]. - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong likelihood of another earnings beat in the upcoming report [7]. Earnings ESP Insights - The Zacks Earnings ESP is a comparison between the Most Accurate Estimate and the Zacks Consensus Estimate, reflecting the latest analyst revisions [6]. - 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].