Avery Dennison Corporation (AVY - Free Report) is a global leader in labeling and packaging materials and solutions. The company reported adjusted earnings of $1.44 per share in first-quarter 2018, beating the Zacks Consensus Estimate of $1.34. Adjusted earnings surged 30% year over year driven by strong operating results, currency translation tailwinds and a lower tax rate.
Revenue: It reported revenues of $1.78 billion in the first quarter, ahead of the Zacks Consensus Estimate of $1.76 billion. Sales increased 13% on a year over year basis.
Outlook: For 2018, Avery Dennison raised its adjusted earnings per share guidance to $5.85-$6.05 from $5.70-$5.95.
Estimate Trend & Surprise History: Investors should note that the earnings estimate revisions for Avery Dennison have remained stable prior to the earnings release. The Zacks Consensus Estimate currently stands at $1.34 for the first quarter.
Coming to earnings surprise history, Avery Dennison has an impressive track record. In the past 4 quarters, the company has outpaced the Zacks Consensus Estimate on all occasions, with an average beat of 6.84%.
Zacks Rank: Currently Avery Dennison has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction: Shares remained flat in pre-market trading following the release, at the time of this write-up. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this Avery Dennison earnings report later!
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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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Avery Dennison Corporation (AVY - Free Report) is a global leader in labeling and packaging materials and solutions. The company reported adjusted earnings of $1.44 per share in first-quarter 2018, beating the Zacks Consensus Estimate of $1.34. Adjusted earnings surged 30% year over year driven by strong operating results, currency translation tailwinds and a lower tax rate.
Revenue: It reported revenues of $1.78 billion in the first quarter, ahead of the Zacks Consensus Estimate of $1.76 billion. Sales increased 13% on a year over year basis.
Outlook: For 2018, Avery Dennison raised its adjusted earnings per share guidance to $5.85-$6.05 from $5.70-$5.95.
Estimate Trend & Surprise History: Investors should note that the earnings estimate revisions for Avery Dennison have remained stable prior to the earnings release. The Zacks Consensus Estimate currently stands at $1.34 for the first quarter.
Coming to earnings surprise history, Avery Dennison has an impressive track record. In the past 4 quarters, the company has outpaced the Zacks Consensus Estimate on all occasions, with an average beat of 6.84%.
Zacks Rank: Currently Avery Dennison has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction: Shares remained flat in pre-market trading following the release, at the time of this write-up. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this Avery Dennison earnings report later!
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Click here to see them >>
Zacks Names "Single Best Pick to Double"
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.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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