International Paper Company IP is a premier paper and packaging producer with operations in North America, Europe, Latin America, Russia, Asia, and North Africa. The company reported adjusted earnings of $1.11 per share in first-quarter, which beat the Zacks Consensus Estimate of 91 cents.
Revenue: International Paper posted revenues of $5,643 million and missed the Zacks Consensus Estimate of $5,741 million.
Earnings Estimates Revision: Investors should note that the earnings estimate revisions for International Paper for the first quarter have been stable ahead of the earnings release.
As regards earnings surprise, International Paper has outpaced the Zacks Consensus Estimate in each of the past four quarters, with an average beat of 5.85%.
Outlook: The company expects improved seasonal demand in second quarter.
International Paper Company Price and EPS Surprise
International Paper Company Price and EPS Surprise | International Paper Company Quote
Zacks Rank: Currently, International Paper carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction: International Paper’s shares were inactive in the pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on International Paper’s earnings report!
Radical New Technology Creates $12.3 Trillion Opportunity
Imagine buying Microsoft stock in the early days of personal computers… or Motorola after it released the world’s first cell phone. These technologies changed our lives and created massive profits for investors.
Today, we’re on the brink of the next quantum leap in technology. 7 innovative companies are leading this “4th Industrial Revolution” - and early investors stand to earn the biggest profits.
See the 7 breakthrough stocks now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
International Paper Company (IP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research