International Paper Co reports results for the quarter ended March 31 - Earnings Summary

• International Paper Co IP.N reported quarterly adjusted earnings of 23 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 17 cents. The mean expectation of ten analysts for the quarter was for earnings of 37 cents per share. Wall Street expected results to range from 29 cents to 46 cents per share.

• Revenue rose 27.8% to $5.90 billion from a year ago; analysts expected $6.22 billion.

• International Paper Co's reported EPS for the quarter was a loss of 24 cents​.

• The company reported a quarterly loss of $105 million.

• International Paper Co shares had fallen by 10.7% this quarter and lost 11.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 21.7% in the last three months.​

• In the last 30 days, seven analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 4 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the paper packaging peer group is also "buy"

• Wall Street's median 12-month price target for International Paper Co is $58.40

This summary was machine generated from LSEG data April 30 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)