International Paper Co reports results for the quarter ended September 30 - Earnings Summary

• International Paper Co IP.N reported quarterly adjusted earnings of 37 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -43 cents. The mean expectation of ten analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 24 cents to 31 cents per share.

• Revenue fell 0.4% to $6.20 billion from a year ago; analysts expected $6.27 billion.

• International Paper Co's reported EPS for the quarter was a loss of $2.13​.

• The company reported a quarterly loss of $1.13 billion.

• International Paper Co shares had risen by 0.6% this quarter and lost 15.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 41.3% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 2 "hold" and 1 "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 $43.00, about 22.4% above its last closing price of $33.38

This summary was machine generated from LSEG data October 28 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)