International Paper (IP) Q2 Earnings and Revenues Miss Estimates

Core Viewpoint - International Paper reported quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of $0.38 per share, and down from $0.55 per share a year ago, indicating a significant earnings surprise of -47.37% [1] - The company posted revenues of $6.77 billion for the quarter, slightly missing the Zacks Consensus Estimate by 0.04%, and showing an increase from $4.73 billion year-over-year [2] Financial Performance - Over the last four quarters, International Paper has surpassed consensus EPS estimates two times and topped revenue estimates only once [2] - The company's shares have decreased by approximately 0.4% since the beginning of the year, contrasting with the S&P 500's gain of 8.2% [3] Future Outlook - The future performance of International Paper's stock will largely depend on management's commentary during the earnings call and the revisions of earnings estimates [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.67 on revenues of $6.92 billion, and for the current fiscal year, it is $2.01 on revenues of $26.53 billion [7] Industry Context - The Paper and Related Products industry, to which International Paper belongs, is currently ranked in the bottom 16% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of International Paper's stock may also be influenced by the overall outlook for the industry [8]