Graphic Packaging Holding (GPK) Prepares for Q4 Earnings Announcement
Consumer packaging solutions provider, Graphic Packaging Holding (GPK), is scheduled to release its Q4 financial results tomorrow before market open. Here's a preview of analyst expectations:
* Revenue: $2.15 billion, a 4.4% year-over-year decline.
* Adjusted Earnings: $0.63 per share.
In Q3, GPK missed revenue estimates by 2.6% and reported a 5.7% revenue decline. Analysts have maintained their estimates for Q4, indicating stability.
Industry peers in the industrial packaging segment have reported mixed results in Q4:
* International Paper: Flat revenue, missing estimates by 3.8%.
* Packaging Corporation of America: 10.7% revenue growth, exceeding estimates by 0.6%.
Despite these results, industrial packaging stocks have remained steady in the lead-up to earnings. GPK has gained 3.8% over the past month and has an average analyst price target of $32.54.
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