Graphic Packaging (GPK) Stock Moves -0.37%: What You Should Know
Graphic Packaging (GPK) closed the most recent trading day at $21.76, moving -0.37% from the previous trading session. This change was narrower than the S&P 500's 0.7% loss on the day. Elsewhere, the Dow lost 0.57%, while the tech-heavy Nasdaq lost 1.06%.
Coming into today, shares of the packaging company had lost 4.29% in the past month. In that same time, the Industrial Products sector lost 0.43%, while the S&P 500 gained 0.58%.
Investors will be hoping for strength from Graphic Packaging as it approaches its next earnings release. The company is expected to report EPS of $0.73, up 8.96% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.49 billion, up 1.52% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.84 per share and revenue of $9.8 billion. These totals would mark changes of +21.89% and +3.83%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Graphic Packaging. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Graphic Packaging is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Graphic Packaging's current valuation metrics, including its Forward P/E ratio of 7.68. For comparison, its industry has an average Forward P/E of 13.21, which means Graphic Packaging is trading at a discount to the group.
Meanwhile, GPK's PEG ratio is currently 0.31. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Containers - Paper and Packaging industry currently had an average PEG ratio of 2.86 as of yesterday's close.
The Containers - Paper and Packaging industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 157, which puts it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Graphic Packaging Holding Company (GPK) : Free Stock Analysis Report
