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Ahead of Avery Dennison (AVY) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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Wall Street analysts expect Avery Dennison (AVY - Free Report) to post quarterly earnings of $2.38 per share in its upcoming report, which indicates a year-over-year decline of 1.7%. Revenues are expected to be $2.23 billion, down 0.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Avery Dennison metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Net Sales- Solutions Group' stands at $678.75 million. The estimate indicates a change of -1.4% from the prior-year quarter.
Based on the collective assessment of analysts, 'Net Sales- Materials Group' should arrive at $1.55 billion. The estimate suggests a change of +0.5% year over year.
It is projected by analysts that the 'Adjusted Operating income (loss)- Solutions Group' will reach $67.09 million. Compared to the present estimate, the company reported $69.80 million in the same quarter last year.
The consensus among analysts is that 'Adjusted Operating income (loss)- Materials Group' will reach $242.79 million. The estimate is in contrast to the year-ago figure of $244.50 million.
Over the past month, Avery Dennison shares have recorded returns of +1.8% versus the Zacks S&P 500 composite's +5.4% change. Based on its Zacks Rank #3 (Hold), AVY will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ahead of Avery Dennison (AVY) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Wall Street analysts expect Avery Dennison (AVY - Free Report) to post quarterly earnings of $2.38 per share in its upcoming report, which indicates a year-over-year decline of 1.7%. Revenues are expected to be $2.23 billion, down 0.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Avery Dennison metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Net Sales- Solutions Group' stands at $678.75 million. The estimate indicates a change of -1.4% from the prior-year quarter.
Based on the collective assessment of analysts, 'Net Sales- Materials Group' should arrive at $1.55 billion. The estimate suggests a change of +0.5% year over year.
It is projected by analysts that the 'Adjusted Operating income (loss)- Solutions Group' will reach $67.09 million. Compared to the present estimate, the company reported $69.80 million in the same quarter last year.
The consensus among analysts is that 'Adjusted Operating income (loss)- Materials Group' will reach $242.79 million. The estimate is in contrast to the year-ago figure of $244.50 million.
View all Key Company Metrics for Avery Dennison here>>>Over the past month, Avery Dennison shares have recorded returns of +1.8% versus the Zacks S&P 500 composite's +5.4% change. Based on its Zacks Rank #3 (Hold), AVY will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .