Will Packaging Corp. (PKG) Beat Estimates Again in Its Next Earnings Report?

Core Insights - Packaging Corp. (PKG) is positioned to continue its earnings-beat streak, particularly in the upcoming earnings report [1] - The company has a history of beating earnings estimates, with an average surprise of 3.08% over the last two quarters [1] Earnings Performance - For the last reported quarter, Packaging Corp. achieved earnings of $2.48 per share, exceeding the Zacks Consensus Estimate of $2.44 per share, resulting in a surprise of 1.64% [2] - In the previous quarter, the company reported earnings of $2.31 per share against an expectation of $2.21 per share, delivering a surprise of 4.52% [2] Earnings Estimates and Predictions - Estimates for Packaging Corp. have been trending higher, influenced by its earnings surprise history [5] - The company currently has a positive Earnings ESP of +0.28%, indicating bullish sentiment among analysts regarding its earnings prospects [8] - The combination of a positive Earnings ESP and a Zacks Rank 2 (Buy) suggests a strong possibility of another earnings beat in the upcoming report [8] Statistical Insights - Research indicates that 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 [6] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [7]