Insights Into Packaging Corp. (PKG) Q3: Wall Street Projections for Key Metrics

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]