Clearwater Paper Corp reports results for the quarter ended June 30 - Earnings Summary

• Clearwater Paper Corp CLW.N reported quarterly adjusted earnings of 17 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -12 cents. The lone analyst forecast for the quarter was for earnings of 70 cents per share.

• Revenue fell 33.2% to $391.80 million from a year ago; analysts expected $397.00 million.

• Clearwater Paper Corp shares had risen by 8.3% this quarter and lost 0.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.1% 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 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the paper products peer group is also "buy"

• Wall Street's median 12-month price target for Clearwater Paper Corp is $37.00, about 20.4% above its last closing price of $29.44

This summary was machine generated from LSEG data July 30 at 12:01 a.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)