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Avery Dennison (AVY) Reports Q3 Earnings: What Key Metrics Have to Say
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Avery Dennison (AVY - Free Report) reported $2.1 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 9.4%. EPS of $2.10 for the same period compares to $2.46 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.12 billion, representing a surprise of -1.21%. The company delivered an EPS surprise of +1.45%, with the consensus EPS estimate being $2.07.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Avery Dennison performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Solutions Group: $642.30 million compared to the $644.38 million average estimate based on three analysts.
Net Sales- Materials Group: $1.46 billion versus $1.59 billion estimated by three analysts on average.
Adjusted Operating income (loss)- Corporate expense: -$20.30 million compared to the -$24.26 million average estimate based on two analysts.
Adjusted Operating income (loss)- Solutions Group: $61.40 million compared to the $63.88 million average estimate based on two analysts.
Adjusted Operating income (loss)- Materials Group: $208.30 million versus $212.14 million estimated by two analysts on average.
Shares of Avery Dennison have returned -5.2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Avery Dennison (AVY) Reports Q3 Earnings: What Key Metrics Have to Say
Avery Dennison (AVY - Free Report) reported $2.1 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 9.4%. EPS of $2.10 for the same period compares to $2.46 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.12 billion, representing a surprise of -1.21%. The company delivered an EPS surprise of +1.45%, with the consensus EPS estimate being $2.07.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Avery Dennison performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Solutions Group: $642.30 million compared to the $644.38 million average estimate based on three analysts.
- Net Sales- Materials Group: $1.46 billion versus $1.59 billion estimated by three analysts on average.
- Adjusted Operating income (loss)- Corporate expense: -$20.30 million compared to the -$24.26 million average estimate based on two analysts.
- Adjusted Operating income (loss)- Solutions Group: $61.40 million compared to the $63.88 million average estimate based on two analysts.
- Adjusted Operating income (loss)- Materials Group: $208.30 million versus $212.14 million estimated by two analysts on average.
View all Key Company Metrics for Avery Dennison here>>>Shares of Avery Dennison have returned -5.2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.