Graphic Packaging Holding Co reports results for the quarter ended March 31 - Earnings Summary

• Graphic Packaging Holding Co GPK.N reported quarterly adjusted earnings of 51 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 66 cents. The mean expectation of ten analysts for the quarter was for earnings of 59 cents per share. Wall Street expected results to range from 54 cents to 62 cents per share.

• Revenue fell 6.2% to $2.12 billion from a year ago; analysts expected $2.14 billion.

• Graphic Packaging Holding Co's reported EPS for the quarter was 42 cents​.

• The company reported quarterly net income of $127 million.

• Graphic Packaging Holding Co shares had fallen by 2.5% this quarter and lost 6.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 5 "hold" and no "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 Graphic Packaging Holding Co is $30.96

This summary was machine generated from LSEG data May 1 at 01:32 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)