Packaging Corp. (PKG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
WestRock on Thursday missed Wall Street expectations for fourth-quarter sales on softening retail demand for its containerboard and paper packaging goods. This has hit companies like WestRock that saw a surge in sales during the pandemic when e-commerce demand soared as retail customers needed packaging products to ship. WestRock's revenue fell nearly 8% to $4.99 billion in the July-to-September period, missing analysts' average estimates of $5.11 billion, according to LSEG data.