Consumer packaging solutions provider Graphic Packaging Holding (NYSE: GPK) will be announcing earnings results this Tuesday before market hours. Here’s what you need to know.
Graphic Packaging Holding beat analysts’ revenue expectations by 2.1% last quarter, reporting revenues of $2.20 billion, down 1.5% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ sales volume estimates and an impressive beat of analysts’ EBITDA estimates.
Is Graphic Packaging Holding a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Graphic Packaging Holding’s revenue to decline 2.4% year on year to $2.16 billion, improving from the 5.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.56 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Graphic Packaging Holding’s peers in the industrial packaging segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Crown Holdings delivered year-on-year revenue growth of 4.2%, beating analysts’ expectations by 1.5%, and Silgan Holdings reported revenues up 15.1%, topping estimates by 3.8%. Crown Holdings traded up 5.4% following the results while Silgan Holdings was down 14.5%.
Read our full analysis of Crown Holdings’s results here and Silgan Holdings’s results here.
Investors in the industrial packaging segment have had steady hands going into earnings, with share prices flat over the last month. Graphic Packaging Holding is down 16.2% during the same time and is heading into earnings with an average analyst price target of $23.15 (compared to the current share price of $15.99).
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
