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Barchart
Dipanjan Banchur

What to Expect From Packaging Corporation’s Next Quarterly Earnings Report

PKG

Lake Forest, Illinois-based Packaging Corporation of America (PKG) manufactures and sells containerboard and corrugated packaging products in the U.S. Valued at $16.13 billion by market cap, the company operates eight paper mills and 86 corrugated products plants and related facilities. The packaging major is expected to announce its fiscal second-quarter earnings for 2024 after the market closes on Tuesday, July 23. 

Ahead of the event, analysts expect PKG to report a profit of $2.10 per share on a diluted basis, down 9.1% from $2.31 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. 

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