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Unlocking Q1 Potential of International Paper (IP): Exploring Wall Street Estimates for Key Metrics
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Analysts on Wall Street project that International Paper (IP - Free Report) will announce quarterly earnings of $0.22 per share in its forthcoming report, representing a decline of 58.5% year over year. Revenues are projected to reach $4.45 billion, declining 11.4% from the same quarter last year.
Over the last 30 days, there has been an upward revision of 6.5% 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.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific International Paper metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Net Sales- Global Cellulose Fibers' to come in at $682.77 million. The estimate indicates a year-over-year change of -15.8%.
Analysts forecast 'Net Sales- Industrial Packaging' to reach $3.70 billion. The estimate points to a change of -9.4% from the year-ago quarter.
The consensus estimate for 'Net Sales- Corporate and Inter-segment' stands at $101.51 million. The estimate suggests a change of -19.4% year over year.
Analysts predict that the 'Operating Profit- Industrial Packaging' will reach $212.33 million. Compared to the current estimate, the company reported $322 million in the same quarter of the previous year.
Over the past month, International Paper shares have recorded returns of -10.5% versus the Zacks S&P 500 composite's -4% change. Based on its Zacks Rank #2 (Buy), IP will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Unlocking Q1 Potential of International Paper (IP): Exploring Wall Street Estimates for Key Metrics
Analysts on Wall Street project that International Paper (IP - Free Report) will announce quarterly earnings of $0.22 per share in its forthcoming report, representing a decline of 58.5% year over year. Revenues are projected to reach $4.45 billion, declining 11.4% from the same quarter last year.
Over the last 30 days, there has been an upward revision of 6.5% 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.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific International Paper metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Net Sales- Global Cellulose Fibers' to come in at $682.77 million. The estimate indicates a year-over-year change of -15.8%.
Analysts forecast 'Net Sales- Industrial Packaging' to reach $3.70 billion. The estimate points to a change of -9.4% from the year-ago quarter.
The consensus estimate for 'Net Sales- Corporate and Inter-segment' stands at $101.51 million. The estimate suggests a change of -19.4% year over year.
Analysts predict that the 'Operating Profit- Industrial Packaging' will reach $212.33 million. Compared to the current estimate, the company reported $322 million in the same quarter of the previous year.
View all Key Company Metrics for International Paper here>>>
Over the past month, International Paper shares have recorded returns of -10.5% versus the Zacks S&P 500 composite's -4% change. Based on its Zacks Rank #2 (Buy), IP will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>