Yahoo Finance Packaging Corporation of America Third Quarter 2022 Earnings: Revenues Disappoint
Packaging Corporation of America (NYSE:PKG) Third Quarter 2022 Results
Key Financial Results
Revenue: US$2.13b (up 6.3% from 3Q 2021).
Net income: US$260.6m (up 4.7% from 3Q 2021).
Profit margin: 12% (in line with 3Q 2021).
EPS: US$2.81 (up from US$2.64 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Packaging Corporation of America Revenues Disappoint
Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.4% growth forecast for the Packaging industry in the US.
Performance of the American Packaging industry.
The company's shares are up 2.0% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Packaging Corporation of America (1 is concerning!) that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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