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Valued at $16.5 billion by market cap, Packaging Corporation of America (PKG), based in Lake Forest, Illinois, operates as a leading U.S. producer of containerboard and corrugated packaging. Operating through its Packaging and Paper segments, PKG provides essential products like shipping containers and protective packaging to industries such as food, beverages, and industrial goods.
The packaging giant is expected to announce its first-quarter results after the markets close on Tuesday, Apr. 22. Ahead of the event, analysts expect PKG to deliver adjusted earnings of $2.22 per share, up 29.1% from $1.72 per share reported in the year-ago quarter. While the company has missed the Street’s bottom-line estimates once over the past four quarters, it has surpassed the expectations on three other occasions.