Clearwater Paper (CLW) Q1 Earnings and Revenues Beat Estimates

Clearwater Paper (CLW) came out with quarterly allowance of $0.57 per share, beating the Zacks Consensus estimate of $0.06 per share. This compares ought allowance of $0.21 per portion a year ago. These figures are adjusted because non-recurring items.

This quarterly illustrate represents an allowance astonish of 850%. A region ago, it was expected that this maker of pulp-based products used to mail allowance of $0.24 per portion while it indeed produced allowance of $0.37, delivering a astonish of 54.17%.

Over the final four quarters, the company has surpassed consensus EPS estimates two times.

Clearwater Paper, which belongs ought the Zacks Paper and Related Products industry, posted revenues of $477.90 million because the region ended March 2020, surpassing the Zacks Consensus estimate by 6.91%. This compares ought year-ago revenues of $428.78 million. The company has topped consensus revenue estimates three era above the final four quarters.

The sustainability of the stock's immediate allowance shift based above the recently-released numbers and future allowance expectations will mainly depend above management's commentary above the allowance call.

Clearwater Paper shares make added approximately 11.8% although the beginning of the year versus the S&P 500's refuse of -12%.

What's Next because Clearwater Paper?

While Clearwater Paper has outperformed the just hence distant this year, the puzzle that comes ought investors' minds is: what's next because the stock?

There are no simple answers ought this key question, besides one reliable criterion that can help investors lesson this is the company's allowance outlook. no unique does this contain contemporary consensus allowance expectations because the coming quarter(s), besides also how these expectations make changed lately.

Empirical investigation shows a well correlation among near-term stock movements and trends at allowance estimate revisions. Investors can follow such revisions by themselves or trust above a tried-and-tested rating tool alike the Zacks Rank, which has an impressive follow record of harnessing the might of allowance estimate revisions.

Ahead of this allowance release, the estimate revisions tendency because Clearwater Paper was favorable. still the magnitude and order of estimate revisions could modify following the company's just-released allowance report, the contemporary condition translates into a Zacks degree #2 (Buy) because the stock. So, the shares are expected ought outperform the just at the finish future. You can see the intimate schedule of today's Zacks #1 degree (Strong Buy) stocks here.

It will exist interesting ought see how estimates because the coming accommodation and contemporary fiscal year modify at the days ahead. The contemporary consensus EPS estimate is $0.28 above $453 million at revenues because the coming region and $0.86 above $1.79 billion at revenues because the contemporary fiscal year.

Investors to exist mindful of the fact that the hope because the industry can make a material shock above the code of the stock although well. at condition of the Zacks Industry Rank, Paper and Related Products is currently at the climax 32% of the 250 plus Zacks industries. Our investigation shows that the climax 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 ought 1.

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