Avery Dennison Corporation (
AVY - Free Report) is slated to release first-quarter 2018 results on Apr 25 before the opening bell.
In the last reported quarter, the company recorded year-over-year improvement in both its top and bottom lines. Further, the company delivered a positive earnings surprise of 6.4% in the quarter. It is worth noting that Avery Dennison has outperformed the Zacks Consensus Estimate in the preceding four quarters, with an average positive earnings surprise of 6.8%.
Avery Dennison Corporation Price and EPS Surprise
Further, Avery Dennison’s shares have outperformed the
industry’s performance in the past year. The stock has gained 31.8%, compared with the industry's growth of 26.3%.
Here’s What Our Quantitative Model Predicts
Our proven model does not conclusively show that Avery Dennison will beat estimates this quarter. That is because a stock needs to have both a positive
Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to be able to beat consensus estimates. You can uncover the best stocks to buy or sell before they're reported with our
Earnings ESP Filter.
That is not the case here as you will see below.
Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is -4.66%.
Zacks Rank: Avery Dennison is #3 Ranked. Though a Zacks Rank of 3 increases the predictive power of ESP, a negative ESP makes surprise prediction difficult.
We caution against Sell-rated stocks (Zacks Ranks #4 and 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are a few industrial products stocks worth considering as they have the right combination of elements to post an earnings beat this quarter.
The Earnings ESP for Alarm.com Holdings, Inc. (
ALRM - Free Report) is +5.44%. It sports a Zacks Rank #1. Shares of Alarm.com Holdings have gone up 32% in a year’s time.
Rexnord Corporation has an Earnings ESP of +4.36% and a Zacks Rank #2. Its shares have gone up 34% in a year’s time.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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