International Paper (IP) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Financial Performance - For the quarter ended September 2024, International Paper reported revenue of $4.69 billion, reflecting a 1.6% increase year-over-year [1] - The earnings per share (EPS) was $0.44, down from $0.64 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $4.67 billion by 0.37%, while the EPS surprise was +83.33% compared to the consensus estimate of $0.24 [1] Key Metrics - Net Sales for Global Cellulose Fibers were $710 million, which is a -2.1% change year-over-year and below the average estimate of $720.75 million [3] - Net Sales for Industrial Packaging reached $3.93 billion, representing a +3.7% change year-over-year and exceeding the average estimate of $3.81 billion [3] - Net Sales for Corporate and Inter-segment were $50 million, a significant -50.5% change year-over-year and below the average estimate of $88.75 million [3] - Operating Profit for Global Cellulose Fibers was $40 million, surpassing the average estimate of $34.76 million [3] - Operating Profit for Industrial Packaging was $197 million, exceeding the average estimate of $142.23 million [3] Stock Performance - Shares of International Paper have returned +1.9% over the past month, outperforming the Zacks S&P 500 composite's +1% change [4] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [4]