International Paper Company Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component International Paper Company (NYSE:IP) will unveil its latest earnings on Thursday, October 27, 2011. International Paper 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 net income of 80 cents per share, a decline of 12.1% 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 77 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 80 cents during the last month. Analysts are projecting profit to rise by 45.9% versus last year to $2.99.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 14 cents, reporting profit of 80 cents per share against a mean estimate of net income of 66 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $6.78 billion in revenue this quarter, a rise of 0.9% from the year ago quarter. Analysts are forecasting total revenue of $26.51 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, none rating it as a sell and one rating it as a hold.

A Look Back: In the second quarter, profit rose more than twofold to $224 million (52 cents a share) from $93 million (21 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 8.6% to $6.65 billion from $6.12 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 10% in the first quarter from the year earlier, climbed 9.3% in the fourth quarter of the last fiscal year from the year-ago quarter and 13.5% in the third 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), UPM-Kymmene Corp. (UPMKY), Buckeye Technologies Inc. (NYSE:BKI), Fibria Celulose S.A. (NYSE:FBR), and Domtar Corp. (NYSE:UFS).

Stock Price Performance: During July 28, 2011 to October 21, 2011, the stock price had fallen $4.27 (-14.1%) from $30.20 to $25.93. 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 6.8% (+$1.70) over that span. It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight-straight days, falling 23.9% (-$7.22) over that span. Shares are down 62 cents (-2.3%) year to date.

(Source: Xignite Financials)

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