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Investors with an interest in Paper and Related Products stocks have likely encountered both Sappi Ltd. (SPPJY) and WestRock (WRK).
WestRock (WRK) witnesses a decline in both the top and bottom line in the first quarter of fiscal 2024 owing to lower selling price/mix, the impact of increased economic downtime and decreased volumes.
The headline numbers for WestRock (WRK) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
WestRock (WRK) came out with quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.55 per share a year ago.
WestRock's (WRK) Q1 results are likely to reflect lower volumes due to muted customer spending, offset by pricing actions.
Besides Wall Street's top -and-bottom-line estimates for WestRock (WRK), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
WestRock's (WRK) fiscal 2023 top and bottom lines fall year over year.
While the top- and bottom-line numbers for WestRock (WRK) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
ATLANTA--(BUSINESS WIRE)--WestRock Company (NYSE: WRK) today announced that it will release fourth quarter and full year fiscal 2023 results before the market opens on Thursday, November 9, 2023. Due to the proposed business combination with Smurfit Kappa Group plc, WestRock will not host a conference call. The press release, a slide presentation and other relevant financial and statistical information will be accessible on the Investors section of WestRock's website at ir.westrock.com. About W.