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WestRock (WRK) Q2 Earnings Top, Sales Miss Estimates

Zacks Equity Research

WestRock Company WRK is a provider of paper and packaging solutions to consumer and corrugated markets. The company reported second-quarter fiscal 2019 results, wherein adjusted earnings of 80 cents surpassed the Zacks Consensus Estimate of 63 cents.
 
Revenue: WestRock reported revenues of $4,620 million in the fiscal second quarter, lagging the Zacks Consensus Estimate of $4,652 million.
 
Earnings Estimates Revision: Investors should note that the earnings estimate for WestRock for the fiscal second quarter has remained stable before the earnings release. Coming to the earnings surprise, WestRock has surpassed the Zacks Consensus Estimate in all the four trailing quarters, delivering an average positive earnings surprise of 2.90%.

WestRock Company Price and EPS Surprise

WestRock Company Price and EPS Surprise | WestRock Company Quote

Zacks Rank: Currently, WestRock has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
 
Key Development: WestRock achieved $70 million of run-rate synergies towards the $200 million target for the KapStone acquisition.

Market Reaction: WestRock’s shares were inactive following the release. 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 this WestRock earnings report later!

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