Rock-Tenn Company Earnings Preview
Rock-Tenn Company (NYS: RKT) didn't hit the Street's expectations last quarter, but investors hope that it will rebound this quarter. The company will unveil its latest earnings on Tuesday, August 2. Rock-Tenn Company (RockTenn) is a manufacturer of packaging products, recycled paperboard, containerboard, bleached paperboard, and merchandising displays. It operates in four segments: consumer packaging, corrugated packaging, and merchandising displays.
What analysts say:
- Buy, sell, or hold?: Analysts strongly back Rock-Tenn Company, with five of six rating it a buy and the remainder rating it a hold. Analysts don't like Rock-Tenn Company as much as competitor Packaging Corp of America overall. Analysts still rate the stock a moderate buy, but they are a bit more wary about it compared to three months ago.
- Revenue Forecasts: On average, analysts predict $1.33 billion in revenue this quarter. That would represent a rise of 72.3% from the year-ago quarter.
- Wall Street Earnings Expectations: The average analyst estimate is earnings of $1.20 per share. Estimates range from $1.08 to $1.49.
What our community says:
CAPS All Stars are solidly behind the stock, with 96.3% granting it an "outperform" rating. The community at large backs the All Stars, with 94.8% assigning it a rating of "outperform." Fools have embraced Rock-Tenn Company, though the message boards have been quiet lately with only 52 posts in the past 30 days. Rock-Tenn Company has a bullish CAPS rating of five out of five stars that is about on par with the Fool community assessment.
Rock-Tenn Company's income has fallen year over year by an average of 2.6%. Revenue has now gone up for three straight quarters.
One final thing: If you want to keep tabs on Rock-Tenn Company movements, and for more analysis on the company, make sure you add it to your Watchlist.
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At the time this article was published
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