Curious about Packaging Corp. (PKG) Q2 Performance? Explore Wall Street Estimates for Key Metrics

Wall Street analysts forecast that Packaging Corp. (PKG) will report quarterly earnings of $2.44 per share in its upcoming release, pointing to a year-over-year increase of 10.9%. It is anticipated that revenues will amount to $2.16 billion, exhibiting an increase of 4.1% compared to the year-ago quarter.Over the last 30 days, there has been a downward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.With that in mind, let's delve into the average projections of some Packaging Corp. metrics that are commonly tracked and projected by analysts on Wall Street.The average prediction of analysts places 'Segment Sales- Packaging' at $1.98 billion. The estimate points to a change of +3.9% from the year-ago quarter.It is projected by analysts that the 'Segment Sales- Corporate and Other' will reach $18.72 million. The estimate indicates a year-over-year change of +10.8%.Analysts predict that the 'Segment Sales- Paper' will reach $151.03 million. The estimate suggests a change of +0.6% year over year.The consensus estimate for 'Segment operating income (loss) excluding special items- Packaging' stands at $301.92 million. The estimate is in contrast to the year-ago figure of $279.90 million.Analysts expect 'Segment operating income (loss) excluding special items- Paper' to come in at $37.99 million. Compared to the current estimate, the company reported $26.10 million in the same quarter of the previous year. View all Key Company Metrics for Packaging Corp. here>>> Over the past month, shares of Packaging Corp. have returned +6.9% versus the Zacks S&P 500 composite's +5.4% change. Currently, PKG carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .One Big Gain, Every Trading DayTo help you take full advantage of this market, you’re invited to access every stock recommendation in all our private portfolios - for just $1.Zacks private portfolio services that closed 256 double and triple-digit winners in 2024 alone. That’s about one big gain every day the market was open. Of course, not all our picks are winners, but members have seen recent gains as high as +627% +1,340%, and +1,708%.Imagine how much you could profit with a steady stream of real-time picks from all our services that cover a number of strategies to suit a variety of investing and trading styles.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Packaging Corporation of America (PKG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks