WestRock Company (WRK - Free Report) is a provider of paper and packaging solutions to consumer and corrugated markets. WestRock was formed from the merger of MeadWestvaco Company and Rock-Tenn Company on Jul 1, 2015. WestRock is realizing the strategic benefits of the merger
WestRock expects to exceed an $800 million run rate by the end of fiscal year 2017 and remains well on track to achieve its $1 billion target by the end of the June quarter of fiscal 2018 and is two third of the way to reach this goal. The company’s productivity and performance improvement programs across its manufacturing footprint as well as its cost-saving actions remain tailwinds. WestRock's recent acquisitions to augment its corrugated packaging business will help it capitalize on the growing demand.
Let’s have a quick look at the third-quarter fiscal 2017 earnings release of the company.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for WestRock for the fiscal third quarter 2017 has moved north 2% over the past 30 days and currently stands at 64 cents. Coming to the earnings surprise, WestRock has surpassed the Zacks Consensus Estimate in all the four trailing quarters, delivering an average positive earnings surprise of 9.79%.
Westrock Company Price and EPS Surprise