IP's Q4 results are likely to reflect the impact of two fewer shipping days on volumes, which will be somewhat offset by higher prices.
International Paper (IP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Growing e-commerce and demand for sustainable packaging boost prospects of the Zacks Paper and Related Products industry, thereby benefiting IP, SUZ, KLBAY and SLVM.
This boring old paper company is looking to kickstart its growth after a year of basically flat growth.
Here is how International Paper (IP) and New Found Gold Corp. (NFGC) have performed compared to their sector so far this year.
IP gains from strategic initiatives, stable e-commerce channel demand, and momentum in the food and beverage sectors.
International Paper has gained over 70% in the past year, driven by strategic alternatives and operational improvements, warranting a revisit of my stock outlook. Despite a decline in EPS last quarter, IP's investments in productivity and streamlining operations are expected to yield significant benefits by 2025 and 2026. The DS Smith acquisition and potential sale of the GCF business could enhance IP's global presence and enable substantial capital returns.
IP's Q3 earnings decline year over year, reflecting lower volumes in both segments and elevated costs. The company is on track with the DS Smith acquisition.
International Paper Company (NYSE:IP ) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Mark Nellessen - Vice President of Investor Relations Andrew Silvernail - Chairman and Chief Executive Officer Timothy Nicholls - Senior Vice President and Chief Financial Officer Conference Call Participants Philip Ng - Jefferies LLC Michael Roxland - Truist Securities, Inc. Mark Weintraub - Seaport Research Partners Matthew McKellar - RBC Capital Markets Charlie Muir-Sands - BNP Paribas Exane Gabe Hajde - Wells Fargo Securities Operator Good morning and thank you for standing by. Welcome to International Paper's Third Quarter 2024 Earnings Call.
Although the revenue and EPS for International Paper (IP) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
International Paper (IP) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.64 per share a year ago.
IP's Q3 results are likely to reflect an uptick in demand, offset by the impacts of elevated input costs.