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.
International Paper (IP) Beats on Q1 Earnings and Revenues
Read MoreHide Full Article
With operations in North America, Europe, Latin America, Russia, Asia, and North Africa, International Paper Company (IP - Free Report) is a premier paper and packaging firm. The company is continuing with its restructuring initiatives to transform itself into a core packaging firm. IP is investing considerably to improve its North American containerboard mill system, enhance product quality and reduce manufacturing and delivery costs.
At the same time, IP is divesting its non-core businesses to employ more resources on high-return capital projects in its core businesses that can drive additional earnings growth. IP is likely to gain from its extensive geographic footprint, wide-ranging product portfolio and a differentiated service platform.
In the last four trailing quarters, IP has beaten earnings estimates each time for an average positive surprise of 4.8%. As the extent of competition is increasing over time, investors have been eagerly waiting for the company’s latest earnings report.
Revenue: Revenues beats estimates. IP posted revenues of $5,621 million, higher than the Zacks Consensus Estimate of $5,430 million.
Key Stats to Note: IP expects solid traction in the future with price increases, acquisition synergies and significantly lower outage expenses, thereby remaining confident to continue its earnings growth momentum in coming quarters.
Stock Price: IP 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 for our full write up on this IP earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
International Paper (IP) Beats on Q1 Earnings and Revenues
With operations in North America, Europe, Latin America, Russia, Asia, and North Africa, International Paper Company (IP - Free Report) is a premier paper and packaging firm. The company is continuing with its restructuring initiatives to transform itself into a core packaging firm. IP is investing considerably to improve its North American containerboard mill system, enhance product quality and reduce manufacturing and delivery costs.
At the same time, IP is divesting its non-core businesses to employ more resources on high-return capital projects in its core businesses that can drive additional earnings growth. IP is likely to gain from its extensive geographic footprint, wide-ranging product portfolio and a differentiated service platform.
In the last four trailing quarters, IP has beaten earnings estimates each time for an average positive surprise of 4.8%. As the extent of competition is increasing over time, investors have been eagerly waiting for the company’s latest earnings report.
Currently, IP has a Zacks Rank #2 (Buy), but that could change following first-quarter 2018 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the announcement below:
Earnings: IP beats on earnings. The Zacks Consensus Estimate called for EPS of 89 cents, and the company reported adjusted operating EPS of 94 cents.
International Paper Company Price and EPS Surprise
International Paper Company Price and EPS Surprise | International Paper Company Quote
Revenue: Revenues beats estimates. IP posted revenues of $5,621 million, higher than the Zacks Consensus Estimate of $5,430 million.
Key Stats to Note: IP expects solid traction in the future with price increases, acquisition synergies and significantly lower outage expenses, thereby remaining confident to continue its earnings growth momentum in coming quarters.
Stock Price: IP 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 for our full write up on this IP earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>