Packaging Corp. of America (NYSE: PKG) is expected to report Q2 earnings on July 16. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Packaging Corp. of America's revenues will increase 3.7% and EPS will grow 15.4%.

The average estimate for revenue is $690.2 million. On the bottom line, the average EPS estimate is $0.45.

Revenue details
Last quarter, Packaging Corp. of America recorded revenue of $671.3 million. GAAP reported sales were 6.6% higher than the prior-year quarter's $629.5 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.42. GAAP EPS of $0.18 for Q1 were 51% lower than the prior-year quarter's $0.37 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 21.6%, 40 basis points better than the prior-year quarter. Operating margin was 25.5%, 1,450 basis points better than the prior-year quarter. Net margin was 2.7%, 320 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $2.75 billion. The average EPS estimate is $1.90.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 170 members out of 182 rating the stock outperform, and 12 members rating it underperform. Among 60 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Packaging Corp. of America a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Packaging Corp. of America is outperform, with an average price target of $32.08.

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