International Paper (NYSE: IP ) is expected to report Q3 earnings on Oct. 25. 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 International Paper's revenues will increase 7.3% and EPS will wither -16.3%.
The average estimate for revenue is $7.12 billion. On the bottom line, the average EPS estimate is $0.77.
Last quarter, International Paper chalked up revenue of $7.08 billion. GAAP reported sales were 6.5% higher than the prior-year quarter's $6.65 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.46. GAAP EPS of $0.31 for Q2 were 39% lower than the prior-year quarter's $0.51 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 25.5%, 110 basis points worse than the prior-year quarter. Operating margin was 7.2%, 110 basis points worse than the prior-year quarter. Net margin was 1.9%, 140 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $27.96 billion. The average EPS estimate is $2.57.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 439 members out of 506 rating the stock outperform, and 67 members rating it underperform. Among 139 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 131 give International Paper a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on International Paper is outperform, with an average price target of $38.60.
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