Why Packaging Corp. (PKG) is Poised to Beat Earnings Estimates Again

Core Viewpoint - Packaging Corp. (PKG) has consistently beaten earnings estimates and is well-positioned for future earnings growth, making it a strong candidate for investors [1]. Earnings Performance - Packaging Corp. has a history of beating earnings estimates, with an average surprise of 5.31% over the last two quarters [2]. - In the last reported quarter, the company achieved earnings of $2.65 per share, exceeding the Zacks Consensus Estimate of $2.48 per share by 6.85% [3]. - In the previous quarter, the company reported earnings of $2.20 per share against an expectation of $2.12 per share, resulting in a surprise of 3.77% [3]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Packaging Corp., with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [4]. - 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]. - Packaging Corp. currently has an Earnings ESP of +0.96%, suggesting increased analyst optimism regarding its near-term earnings potential [7]. Upcoming Earnings Report - The next earnings report for Packaging Corp. is expected to be released on January 28, 2025 [7].