S&P 500 (NYSE:SPY) component International Paper (NYSE:IP) will unveil its latest earnings tomorrow, Tuesday, January 29, 2013. International Paper is a global paper and packaging company with operations in North America, Europe, Latin America, Russia, Asia and North Africa.
International Paper Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 64 cents per share, a decline of 3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 75 cents. Between one and three months ago, the average estimate moved down. It has risen from 63 cents during the last month. Analysts are projecting profit to rise by 21.3% versus last year to $2.44.
Past Earnings Performance: Last quarter, the company missed estimates by 2 cents, coming in at net income of 75 cents per share against an estimate of profit of. In the second quarter, the company also missed expectations.
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A Look Back: In the third quarter, profit fell 54.2% to $237 million (54 cents a share) from $518 million ($1.19 a share) the year earlier, missing analyst expectations. Revenue rose 5.9% to $7.03 billion from $6.63 billion.
Here’s how International Paper traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: