International Paper (IP) Surpasses Q3 Earnings and Revenue Estimates

分组1 - International Paper reported quarterly earnings of $0.44 per share, exceeding the Zacks Consensus Estimate of $0.24 per share, but down from $0.64 per share a year ago, representing an earnings surprise of 83.33% [1] - The company posted revenues of $4.69 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.37% and up from $4.61 billion year-over-year [2] - International Paper has outperformed the S&P 500 with a stock increase of about 35.6% since the beginning of the year compared to the S&P 500's gain of 21.9% [3] 分组2 - The current consensus EPS estimate for the coming quarter is $0.41 on revenues of $4.76 billion, and for the current fiscal year, it is $1.54 on revenues of $18.83 billion [7] - The Zacks Industry Rank indicates that the Paper and Related Products industry is currently in the bottom 26% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [8]