For the last five quarters, International Paper (NYSE:IP) has exceeded analyst expectations. The company will try to continue the streak when it reports its latest earnings on Thursday, July 26, 2012.
Analysts currently expect International Paper to come in with earnings of 47 cents per share on revenues of $7.31 billion. Estimates range from earnings per share to earnings per share. Over the past three months, the average estimate has moved down from 57 cents.
Recently, the stock price has been rising Since July 11, 2012 business days the stock has risen $2.58 per share.
Company Fundamental Trends
Analysts are bullish on the stock as 10 analysts rate it as a buy and there are no sell ratings. That rating hasn't budged in three months as the average analyst rating of the stock has remained unchanged.
Last Quarter's Results
In the first quarter, profit fell 45% to $188 million (43 cents a share) from $342 million (78 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 4.2% to $6.66 billion from $6.39 billion.
Reporting Period: 2Q
Date of Release: Thursday, July 26, 2012 before market open
EPS: 47 cents
Revenue Estimate: $7.31 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)