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Countdown to Avery Dennison (AVY) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
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Wall Street analysts expect Avery Dennison (AVY - Free Report) to post quarterly earnings of $2.32 per share in its upcoming report, which indicates a year-over-year decline of 0.4%. Revenues are expected to be $2.21 billion, up 1.4% from the year-ago quarter.
The current level reflects a downward revision of 1.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Avery Dennison metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus among analysts is that 'Net Sales- Solutions Group' will reach $697.13 million. The estimate indicates a change of +1.7% from the prior-year quarter.
It is projected by analysts that the 'Net Sales- Materials Group' will reach $1.53 billion. The estimate indicates a year-over-year change of +1.9%.
Based on the collective assessment of analysts, 'Adjusted Operating income (loss)- Solutions Group' should arrive at $71.95 million. The estimate is in contrast to the year-ago figure of $77.40 million.
Analysts' assessment points toward 'Adjusted Operating income (loss)- Materials Group' reaching $223.68 million. Compared to the present estimate, the company reported $222.20 million in the same quarter last year.
Avery Dennison shares have witnessed a change of -1.8% in the past month, in contrast to the Zacks S&P 500 composite's +1.2% move. With a Zacks Rank #3 (Hold), AVY is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Countdown to Avery Dennison (AVY) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
Wall Street analysts expect Avery Dennison (AVY - Free Report) to post quarterly earnings of $2.32 per share in its upcoming report, which indicates a year-over-year decline of 0.4%. Revenues are expected to be $2.21 billion, up 1.4% from the year-ago quarter.
The current level reflects a downward revision of 1.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Avery Dennison metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus among analysts is that 'Net Sales- Solutions Group' will reach $697.13 million. The estimate indicates a change of +1.7% from the prior-year quarter.
It is projected by analysts that the 'Net Sales- Materials Group' will reach $1.53 billion. The estimate indicates a year-over-year change of +1.9%.
Based on the collective assessment of analysts, 'Adjusted Operating income (loss)- Solutions Group' should arrive at $71.95 million. The estimate is in contrast to the year-ago figure of $77.40 million.
Analysts' assessment points toward 'Adjusted Operating income (loss)- Materials Group' reaching $223.68 million. Compared to the present estimate, the company reported $222.20 million in the same quarter last year.
View all Key Company Metrics for Avery Dennison here>>>Avery Dennison shares have witnessed a change of -1.8% in the past month, in contrast to the Zacks S&P 500 composite's +1.2% move. With a Zacks Rank #3 (Hold), AVY is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .