Packaging Corp. (PKG) Misses Q4 Earnings and Revenue Estimates

Core Insights - Packaging Corp. reported quarterly earnings of $2.32 per share, missing the Zacks Consensus Estimate of $2.41 per share, and down from $2.47 per share a year ago [1] - The company posted revenues of $2.36 billion for the quarter, missing the Zacks Consensus Estimate by 2.42%, but up from $2.15 billion year-over-year [3] Earnings Performance - The earnings surprise for the quarter was -3.73%, following a previous quarter where the earnings surprise was -3.53% [2] - Over the last four quarters, Packaging Corp. has surpassed consensus EPS estimates two times [2] Stock Performance - Packaging Corp. shares have increased approximately 7.6% since the beginning of the year, outperforming the S&P 500's gain of 1.5% [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.42 on revenues of $2.41 billion, and for the current fiscal year, it is $11.43 on revenues of $10.11 billion [8] - The estimate revisions trend for Packaging Corp. was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [7] Industry Context - The Containers - Paper and Packaging industry is currently ranked in the bottom 24% of over 250 Zacks industries, suggesting potential challenges for stocks within this sector [9] - Another company in the same industry, Avery Dennison, is expected to report quarterly earnings of $2.40 per share, reflecting a year-over-year change of +0.8% [10]