Zacks
0
All posts from Zacks
Zacks in Our Research. Your Success.,

International Paper (IP) Comfortably Beats on Q1 Earnings

With operations in North America, Europe, Latin America, Russia, Asia, and North Africa, International Paper Company IP is a premier paper and packaging firm. As part of its restructuring plans to increase focus on its core business, the company has divested its distribution business xpedx. The company has also inked a definitive agreement to sell its corrugated packaging business in China and Southeast Asia. IP is likely to gain from its extensive geographic footprint, wide-ranging product portfolio and a differentiated service platform.

IP has beaten estimates in each of the last trailing four quarters, making for an average surprise of 6.19%. As the extent of competition is increasing over time, investors have been eagerly awaiting for the company’s latest earnings report.

Currently, IP has a Zacks Rank #3 (Hold), but that could definitely change following the first-quarter 2016 earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: IP beats on earnings. The Zacks Consensus Estimate called for EPS of 69 cents, and the company reported operating EPS of 80 cents.

Revenue: Revenues exceeded estimate. IP posted revenues of $5,110 million, compared with the Zacks Consensus Estimate of $5,096 million.

Key Stats to Note: IP recorded strong first-quarter 2016 results primarily due to continued strength in the North American Industrial Packaging business and improving performance in the paper businesses around the globe.

Stock Price: Shares prices remained flat in pre-market trading following the earnings beat at the time of writing.

Check back our full write up on this IP earnings report later!

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. http://www.zacks.com/registration/pfp/?ALERT=RPT_7BST_LP194&... blog">Click to get this free report >>


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
 
INTL PAPER (IP): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research