International Paper Continues to Impress with Consistent Earnings Beats and Positive Analyst Sentiment
International Paper (IP), a global paper and packaging company, has been consistently beating earnings estimates and shows no signs of slowing down. With a strong earnings history and positive analyst sentiment, IP is a top contender for investors looking for a solid stock in the paper and related products industry.
In its previous two reports, IP has surpassed earnings estimates by an average of 24.48%. Most recently, the company reported earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.59 per share by 8.47%. This trend is expected to continue, as recent estimates for IP have been on the rise.
The Zacks Earnings ESP (Expected Surprise Prediction) for IP is currently positive, indicating a potential earnings beat. This, combined with its Zacks Rank #2 (Buy), suggests that IP is well positioned for another successful quarter. According to our research, stocks with a positive Earnings ESP and a Zacks Rank #3 (Hold) or better have a 70% chance of beating earnings estimates.
The Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with a positive value indicating analysts are becoming more bullish on the company’s earnings potential. With an Earnings ESP of +1.74%, IP is showing strong potential for another earnings beat.
Wall Street closely watches a company’s quarterly report, with earnings being a key factor in determining its recent performance and future expectations.
International Paper (IP) continues to impress with its consistent earnings beats and positive analyst sentiment.
