Markets
IP

International Paper (IP) Q3 Earnings Beat, Sales Up Y/Y

With operations in North America, Europe, Latin America, Russia, Asia, and North Africa, International Paper CompanyIP 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 along with its corrugated packaging business in China and Southeast Asia.

The company has also completed the acquisition of leading timberland owner Weyerhaeuser Co.'s pulp business. IP is likely to gain from its extensive geographic footprint, wide-ranging product portfolio and a differentiated service platform.

In the last four trailing quarters, IP has beaten estimates thrice for an average surprise of 2.1%. As the extent of competition is increasing over time, investors have been eagerly awaiting for the company's latest earnings report.

International Paper Company Price, Consensus and EPS Surprise

International Paper Company Price, Consensus and EPS Surprise | International Paper Company Quote

Currently, IP has a Zacks Rank #3 (Hold), but that could change following its third-quarter 2017 earnings report which has just released. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

We have highlighted some of the key details from the announcement below:

Earnings: IP beats on earnings. The Zacks Consensus Estimate called for EPS of $1.04, and the company reported adjusted operating EPS of $1.08.

Revenue: Revenues exceeded estimates. IP posted revenues of $5,913 million, marginally ahead of the Zacks Consensus Estimate of $5,908 million.

Key Stats: IP expects solid traction in the future with price increases, acquisition synergies and significantly lower outage expenses, thereby remaining confident to achieve its full year earnings target.

Stock Price: IP 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 for our full write up on this IP earnings report later!

Zacks' Hidden Trades

While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?

Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.

Click here for Zacks' secret trade>>

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

IP

Other Topics

Earnings Investing Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More