Packaging Corp. (PKG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Company Overview - Packaging Corp. (PKG) is expected to report a year-over-year increase in earnings, with a projected EPS of $2.44, reflecting a +10.9% change, and revenues of $2.16 billion, up 4.1% from the previous year [3][12]. Earnings Expectations - The earnings report is anticipated to be released on July 23, and the stock may rise if the results exceed expectations, while a miss could lead to a decline [2][12]. - The consensus EPS estimate has been revised 0.59% higher in the last 30 days, indicating a positive reassessment by analysts [4]. Earnings Surprise Prediction - The Most Accurate Estimate for Packaging Corp. is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.77%, suggesting a strong likelihood of beating the consensus EPS estimate [12]. - The company currently holds a Zacks Rank of 2 (Buy), which enhances the predictive power of the Earnings ESP [12][10]. Historical Performance - In the last reported quarter, Packaging Corp. exceeded the expected EPS of $2.21 by delivering $2.31, resulting in a surprise of +4.52% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [14]. Industry Context - Another player in the Containers - Paper and Packaging industry, Avery Dennison (AVY), is expected to report earnings of $2.38 per share, indicating a year-over-year decline of -1.7% [18]. - Avery Dennison's revenues are projected to be $2.23 billion, down 0.2% from the previous year, with a negative Earnings ESP of -0.42% [19][20].