We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
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 posted adjusted earnings of 74 cents per share in the third-quarter fiscal 2017, ahead of the Zacks Consensus Estimate of 64 cents. Investors should note that these figures take out special items.
Revenue
WestRock posted revenues of $3.696 billion in the reported quarter, surpassing the Zacks Consensus Estimate of $3.561 billion.
Key Developments
WestRock stated that is has achieved $94 million in year-over-year productivity improvements and annual run rate of $760 million of synergy and performance improvements.
Zacks Rank
Currently, WestRock has a Zacks Rank #3 (Hold), but that could change following WestRock’s earnings report which was just released.
Market Reaction
WestRock’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this WestRock’s earnings report later!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential.
Image: Bigstock
WestRock's (WRK) Q3 Earnings, Revenues Beat Estimates
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
Westrock Company Price and EPS Surprise | Westrock Company Quote
Earnings
WestRock posted adjusted earnings of 74 cents per share in the third-quarter fiscal 2017, ahead of the Zacks Consensus Estimate of 64 cents. Investors should note that these figures take out special items.
Revenue
WestRock posted revenues of $3.696 billion in the reported quarter, surpassing the Zacks Consensus Estimate of $3.561 billion.
Key Developments
WestRock stated that is has achieved $94 million in year-over-year productivity improvements and annual run rate of $760 million of synergy and performance improvements.
Zacks Rank
Currently, WestRock has a Zacks Rank #3 (Hold), but that could change following WestRock’s earnings report which was just released.
Market Reaction
WestRock’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this WestRock’s earnings report later!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential.
See these stocks now>>