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Barchart
Sohini Mondal

What You Need To Know Ahead of Packaging Corporation of America's Earnings Release

Packaging Corporation of America PKG

With a market cap of $19.3 billion, Packaging Corporation of America (PKG) is a leading producer of containerboard and uncoated freesheet paper in North America. Based in Lake Forest, Illinois, it serves industries such as manufacturing, food, and retail through its packaging, paper, and corporate services segments.  The company is slated to announce its fiscal Q3 earnings results after the market closes on Tuesday, Oct. 22.

Ahead of this event, analysts expect PKG to report a profit of $2.47 per share, representing a 20.5% growth from $2.05 per share in the year-ago quarter. The company has consistently exceeded Wall Street's earnings expectations in the past four quarters. The company surpassed the consensus EPS estimate by a 3.8% margin in the most recent quarter.

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