Avery Dennison (AVY) reported $2.15 billion in income for the quarter ended March 2024, representing a year-over-year improve of 4.2%. EPS of $2.29 for a similar interval compares to $1.70 a yr in the past.
The reported income represents a shock of +0.16% over the Zacks Consensus Estimate of $2.15 billion. With the consensus EPS estimate being $2.15, the EPS shock was +6.51%.
Whereas traders carefully watch year-over-year adjustments in headline numbers — income and earnings — and the way they examine to Wall Avenue expectations to find out their subsequent plan of action, some key metrics all the time present a greater perception into an organization’s underlying efficiency.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps traders venture a inventory’s value efficiency extra precisely.
Right here is how Avery Dennison carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:
- Internet Gross sales- Options Group: $654.80 million versus $677.15 million estimated by two analysts on common.
- Internet Gross sales- Supplies Group: $1.50 billion versus $1.46 billion estimated by two analysts on common.
- Adjusted Working revenue (loss)- Company expense: -$27.80 million versus -$21.46 million estimated by two analysts on common.
- Adjusted Working revenue (loss)- Options Group: $60.90 million versus $76.27 million estimated by two analysts on common.
- Adjusted Working revenue (loss)- Supplies Group: $240.50 million versus the two-analyst common estimate of $201.44 million.
View all Key Company Metrics for Avery Dennison here>>>
Shares of Avery Dennison have returned -3.7% over the previous month versus the Zacks S&P 500 composite’s -3% change. The inventory at present has a Zacks Rank #4 (Promote), indicating that it might underperform the broader market within the close to time period.
(We’re reissuing this text to right a mistake. The unique article, issued on April 24, 2024, ought to not be relied upon.)
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