Avery Dennison Corporation (AVY - Free Report) is a global leader in labeling and packaging materials and solutions. The company reported adjusted earnings of $1.48 per share in first-quarter, beating the Zacks Consensus Estimate of $1.46. Earnings also improved 2.7% year over year.
Revenue: Avery posted revenues of $1.74 billion and missed the Zacks Consensus Estimate of $1.75 billion.
Earnings Estimates Revision: Investors should note that the earnings estimate revisions for Avery for the first quarter have been stable ahead of the earnings release.
As regards earnings surprise, Avery has outpaced the Zacks Consensus Estimate in three of the past four quarters, with an average beat of 3.63%.
Outlook: For 2019, Avery Dennison maintained adjusted earnings per share guidance of $6.45-$6.70.
Avery Dennison Corporation Price and EPS Surprise
Zacks Rank: Currently, Avery carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction: Avery’s shares were inactive in the pre-market trading. 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 Grainger’s earnings report!
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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 >>
Avery Dennison Corporation (AVY - Free Report) is a global leader in labeling and packaging materials and solutions. The company reported adjusted earnings of $1.48 per share in first-quarter, beating the Zacks Consensus Estimate of $1.46. Earnings also improved 2.7% year over year.
Revenue: Avery posted revenues of $1.74 billion and missed the Zacks Consensus Estimate of $1.75 billion.
Earnings Estimates Revision: Investors should note that the earnings estimate revisions for Avery for the first quarter have been stable ahead of the earnings release.
As regards earnings surprise, Avery has outpaced the Zacks Consensus Estimate in three of the past four quarters, with an average beat of 3.63%.
Outlook: For 2019, Avery Dennison maintained adjusted earnings per share guidance of $6.45-$6.70.
Avery Dennison Corporation Price and EPS Surprise
Zacks Rank: Currently, Avery carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction: Avery’s shares were inactive in the pre-market trading. 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 Grainger’s earnings report!
Will you retire a millionaire?
One out of every six people retires a multimillionaire. Get smart tips you can do today to become one of them in a new Special Report, “7 Things You Can Do Now to Retire a Multimillionaire.”
Click to get it free >>
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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