Packaging and materials company International Paper (NYSE:IP) will be reporting earnings tomorrow morning. Here’s what to expect.

International Paper met analysts’ revenue expectations last quarter, reporting revenues of $4.73 billion, up 1.1% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ earnings and EBITDA estimates.

Is International Paper a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting International Paper’s revenue to grow 1.9% year on year to $4.70 billion, a reversal from the 14.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.25 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. International Paper has missed Wall Street’s revenue estimates six times over the last two years.

Looking at International Paper’s peers in the industrial packaging segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Packaging Corporation of America delivered year-on-year revenue growth of 12.7%, beating analysts’ expectations by 4.4%, and Crown Holdings reported flat revenue, in line with consensus estimates. Packaging Corporation of America traded up 5.4% following the results while Crown Holdings was also up 4.2%.

Read our full analysis of Packaging Corporation of America’s results here and Crown Holdings’s results here.

Investors in the industrial packaging segment have had steady hands going into earnings, with share prices flat over the last month. International Paper is down 4.1% during the same time and is heading into earnings with an average analyst price target of $50.33 (compared to the current share price of $47.21).

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