International Paper Q2 Earnings Surpass Estimates
International Paper (NYSE: IP) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 37.50%. A quarter ago, it was expected that this global paper and packaging company would post earnings of $0.23 per share when it actually produced earnings of $0.17, delivering a surprise of -26.09%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
International Paper, which belongs to the Zacks Paper and Related Products industry, posted revenues of $4.73 billion for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.79%. This compares to year-ago revenues of $4.68 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
International Paper shares have …
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