Packaging Corporation of America (NYSE: PKG) is expected to report Q1 earnings on April 22. 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 Corporation of America's revenues will grow 7.7% and EPS will increase 33.3%.

The average estimate for revenue is $722.9 million. On the bottom line, the average EPS estimate is $0.56.

Revenue details
 Last quarter, Packaging Corporation of America reported revenue of $736.6 million. GAAP reported sales were 13% higher than the prior-year quarter's $654.3 million.

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 $0.61. GAAP EPS of $0.63 for Q4 were 58% higher than the prior-year quarter's $0.40 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 23.6%, 310 basis points better than the prior-year quarter. Operating margin was 13.7%, 330 basis points better than the prior-year quarter. Net margin was 8.3%, 230 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.09 billion. The average EPS estimate is $2.95.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 175 members out of 188 rating the stock outperform, and 13 members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give Packaging Corporation of America a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Packaging Corporation of America is hold, with an average price target of $38.58.

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