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Sristi Jayaswal

International Paper's Quarterly Earnings Preview: What You Need to Know

International Paper IP

Memphis, Tennessee-based International Paper Company (IP) manufactures and sells sustainable fiber-based packaging and pulp products across the Americas, Europe, and North Africa, boasting a $14.8 billion market cap. It is expected to announce its Q2 earnings before the market opens on Wednesday, July 24.

Ahead of the event, analysts expect International Paper to report a profit of $0.40 per share, down 32.2% from $0.59 per share reported in the year-ago quarter. The company surpassed Wall Street’s EPS projections in three of the past four quarters while missing on one other occasion. Its EPS for the last reported quarter dipped 67.9% annually to $0.17, falling short of the consensus estimate by 26.1%.

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