Yahoo Finance Graphic Packaging Holding (GPK) Reports Q2: Everything You Need To Know Ahead Of Earnings
Consumer packaging solutions provider Graphic Packaging Holding (NYSE:GPK) will be reporting earnings tomorrow morning. Here's what to look for.
Graphic Packaging Holding missed analysts' revenue expectations by 5.1% last quarter, reporting revenues of $2.26 billion, down 7.3% year on year. It was a weak quarter for the company, with a miss of analysts' volume estimates and underwhelming EBITDA guidance for the full year.
Is Graphic Packaging Holding a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Graphic Packaging Holding's revenue to decline 5.3% year on year to $2.27 billion, a reversal from the 1.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.57 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Graphic Packaging Holding has missed Wall Street's revenue estimates four times over the last two years.
Looking at Graphic Packaging Holding's peers in the industrial packaging segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Avery Dennison delivered year-on-year revenue growth of 6.9%, beating analysts' expectations by 1.9%, and Packaging Corporation of America reported revenues up 6.3%, topping estimates by 2.5%. Avery Dennison traded down 4.3% following the results while Packaging Corporation of America's stock price was unchanged.
Read our full analysis of Avery Dennison's results here and Packaging Corporation of America's results here.
There has been positive sentiment among investors in the industrial packaging segment, with share prices up 10.9% on average over the last month. Graphic Packaging Holding is up 7.6% during the same time and is heading into earnings with an average analyst price target of $30.5 (compared to the current share price of $27.88).
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