Packaging Corp. (PKG) Q3 Earnings Lag Estimates

Core Insights - Packaging Corp. reported quarterly earnings of $2.73 per share, missing the Zacks Consensus Estimate of $2.83 per share, but showing an increase from $2.65 per share a year ago [1] - The company posted revenues of $2.31 billion for the quarter, exceeding the Zacks Consensus Estimate by 2.17% and up from $2.18 billion year-over-year [3] Earnings Performance - The earnings surprise for the quarter was -3.53%, while the previous quarter saw a positive surprise of +1.64% [2] - Over the last four quarters, Packaging Corp. has surpassed consensus EPS estimates two times [2] Revenue Performance - The company has topped consensus revenue estimates four times over the last four quarters [3] Stock Performance - Packaging Corp. shares have declined approximately 7.6% year-to-date, contrasting with the S&P 500's gain of 14.5% [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.67 on revenues of $2.48 billion, and for the current fiscal year, it is $10.33 on revenues of $9.07 billion [8] - The Zacks Rank for Packaging Corp. is 2 (Buy), indicating expectations for the stock to outperform the market in the near future [7] Industry Context - The Containers - Paper and Packaging industry is currently in the top 39% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [9]