S&P 500 (NYSE:SPY) component International Paper Company (NYSE:IP) will unveil its latest earnings on Thursday, July 28, 2011. International Paper Co. is a global paper and packaging company with operations in North America, Europe, Latin America, Russia, Asia and North Africa.
International Paper Company Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 66 cents per share, a rise of 57.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 64 cents. Between one and three months ago, the average estimate moved up, but has dropped from 67 cents during the last month. For the year, analysts are projecting net income of $2.86 per share, a rise of 39.5% from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 15 cents, reporting profit of 74 cents per share against a mean estimate of net income of 59 cents per share.
Wall St. Revenue Expectations: On average, analysts predict $6.63 billion in revenue this quarter, a rise of 8.3% from the year ago quarter. Analysts are forecasting total revenue of $26.52 billion for the year, a rise of 5.3% from last year’s revenue of $25.18 billion.
Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, two rating it as a sell and one rating it as a hold.
Revenue has risen the past four quarters. Revenue increased 10% to $6.39 billion in first quarter. The figure rose 9.3% in the fourth quarter of the last fiscal year from the year earlier, climbed 13.5% in the third quarter of the last fiscal year from the year-ago quarter and 5.5% in the second quarter of the last fiscal year.
Competitors to Watch: Clearwater Paper Corp (NYSE:CLW), P.H. Glatfelter Company (NYSE:GLT), Wausau Paper Corp. (NYSE:WPP), MeadWestvaco Corp. (NYSE:MWV), KapStone Paper and Packaging Corp. (NYSE:KS), Boise Inc. (NYSE:BZ), Buckeye Technologies Inc. (NYSE:BKI), Fibria Celulose S.A. (NYSE:FBR), and Domtar Corp. (NYSE:UFS).
Stock Price Performance: During June 23, 2011 to July 22, 2011, the stock price had risen $1.91 (6.6%) from $28.95 to $30.86. The stock price saw one of its best stretches over the last year between December 16, 2010 and December 29, 2010 when shares rose for nine-straight days, rising 6.9% (+$1.73) over that span. It saw one of its worst periods between August 17, 2010 and August 26, 2010 when shares fell for eight-straight days, falling 9.6% (-$2.07) over that span. Shares are up $4.01 (+14.9%) year to date.
(Source: Xignite Financials)