Stock Analysis
- United States
- /
- Packaging
- /
- NYSE:IP
International Paper First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
International Paper (NYSE:IP) First Quarter 2024 Results
Key Financial Results
- Revenue: US$4.62b (down 8.0% from 1Q 2023).
- Net income: US$56.0m (down 67% from 1Q 2023).
- Profit margin: 1.2% (down from 3.4% in 1Q 2023).
- EPS: US$0.16 (down from US$0.49 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
International Paper Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 20%.
Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Packaging industry in the US.
Performance of the American Packaging industry.
The company's shares are down 4.9% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 4 warning signs for International Paper you should be aware of.
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About NYSE:IP
International Paper
International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa.
Established dividend payer with adequate balance sheet.