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Sohini Mondal

Earnings Preview: What to Expect From International Paper's Report

International Paper IP

International Paper Company (IP) is a leading global producer of renewable fiber-based products, with a market cap of $16.6 billion. The Memphis, Tennessee-based company specializes in corrugated packaging solutions and pulp for personal care products, serving a wide range of industries. It is expected to release its fiscal Q3 earnings results on Thursday, Oct. 24.

Ahead of this event, analysts project the global paper and packaging company to report a profit of $0.24 per share, a decline of 62.5% from $0.64 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in three of the past four quarters while missing on one other occasion. In Q2, IP beat the consensus estimate by 37.5%.

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