Packaging Corporation of AmericaNYSE: PKG

Packaging Corp. (PKG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Is Packaging Corp. (PKG) a strong choice for momentum investors? Let's investigate.

Packaging Corp. (PKG) has reached its highest point in the last year, but can investors expect further increases? We will examine the company's fundamentals for insights.

PKG's revenue for the third quarter shows that increased sales in both segments were somewhat balanced out by lower prices and product mix in the Paper segment.

The financial results for Packaging Corp. (PKG) from the quarter ending in September 2024 provide insight into the company's performance. It may also be helpful to compare some important metrics with Wall Street predictions and figures from the same period last year.

In addition to Wall Street's predictions for Packaging Corp. (PKG) regarding its revenue and profits, take a look at forecasts for some important indicators to better understand how the company performed in the quarter that ended in September 2024.

PKG's results for the third quarter of 2024 are expected to show the effects of reduced prices in both areas, but this may be balanced out by steady demand for packaging.

Is Packaging Corp. (PKG) a strong choice for momentum investors? Let's take a closer look.

LAKE FOREST, Ill.--(BUSINESS WIRE)--Packaging Corporation of America (NYSE: PKG) will host a conference call on Wednesday, October 23, 2024, at 9:00 a.m. Eastern Time to go over the results for the third quarter of 2024. Mark Kowlzan will lead the call, and the earnings report will be available after the market closes on Tuesday, October 22, 2024. To join the call, you can pre-register at https://dpregister.com/sreg/10184918/fb352f9a34.