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Does Packaging Corporation of America (PKG) Still Have Room to Run?
PKG's stock has risen 5.4% in the last month, indicating that it is on the move. In the previous session, the stock reached a new 52-week high of $157.5.
In the previous four quarters, the stock hasn't missed our earnings consensus estimate, indicating that it has a strong track record of positive earnings surprises. PKG posted EPS of $2.76 vs a consensus expectation of $2.08 in its most recent earnings release on January 26, 2022, beating the average revenue estimate by 6.5%.
PKG. is predicted to earn $10.47 per share on $8.35 billion in revenue in the current fiscal year. On a 7.96% change in sales, this translates to an 11.5% change in EPS. The corporation is predicted to earn $10.96 per share on $8.45 billion in revenue in the coming fiscal year. This reflects a 4.71% and 1.29% year-over-year change, respectively.
PKG is now trading at a 52-week high but what does the future hold for the stock? Examining valuation measures to see if the firm is due for a decline from this level is an important part of this discussion. On this front, the Zacks Style Scores might be useful, since they provide investors another method to filter through equities. These personalities are represented by grades ranging from A to F in the Value, Growth and Momentum categories, as well as a total VGM Score. The goal of the style scores is to assist investors in selecting the best Zacks Rank companies based on their personal preferences.
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