Graphic Packaging Holding (GPK) Reports Q2: Everything You Need To Know Ahead Of Earnings

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Consumer packaging solutions provider Graphic Packaging Holding (NYSE: GPK) will be reporting results this Tuesday morning. Here’s what you need to know.

Graphic Packaging Holding beat analysts’ revenue expectations last quarter, reporting revenues of $2.16 billion, up 1.7% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

Is Graphic Packaging Holding a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Graphic Packaging Holding’s revenue to decline 1.5% year on year, in line with the 1.5% decrease it recorded in the same quarter last year.

Graphic Packaging Holding Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Graphic Packaging Holding has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Graphic Packaging Holding’s peers in the industrial packaging segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Avery Dennison delivered year-on-year revenue growth of 10.9%, beating analysts’ expectations by 7.3%, and Crown Holdings reported revenues up 16.5%, topping estimates by 9.3%. Avery Dennison traded up 1.5% following the results while Crown Holdings was also up 3%.

Read our full analysis of Avery Dennison’s results here and Crown Holdings’s results here.

In the last twelve months or so, the market has shifted its attention from one area of macro importance to the next (AI disintermediation and AI capex spending to geopolitical conflict, rates, and whether the economy is on solid footing or not). While some of the industrial packaging stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5% on average over the last month. Graphic Packaging Holding is up 1.3% during the same time and is heading into earnings with an average analyst price target of $11.80 (compared to the current share price of $10.75).

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