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Avery Dennison's (AVY) Earnings & Sales Beat Estimates in Q4
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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 $1.33 per share in the fourth quarter of 2017, beating the Zacks Consensus Estimate of $1.25.
Revenue: It reported fourth-quarter revenues of $1.74 billion, ahead of the Zacks Consensus Estimate of $1.70 billion. Sales increased 11.9% year over year driven by contributions from acquisitions and organic growth.
Outlook: For 2018, Avery Dennison guides its adjusted earnings per share range of $5.70-$5.95. The company expects to deliver a strong top-line and double-digit EPS growth in 2018.
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 $1.25 for the fourth 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 6.85%.
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.
Market Reaction: Shares remained flat in pre-market trading following the release, at the time of this write-up.
Check back later for our full write up on this Avery Dennison earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >>
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Avery Dennison's (AVY) Earnings & Sales Beat Estimates in Q4
Avery Dennison Corporation (AVY - Free Report) is a global leader in labeling and packaging materials and solutions. The company reported adjusted earnings of $1.33 per share in the fourth quarter of 2017, beating the Zacks Consensus Estimate of $1.25.
Revenue: It reported fourth-quarter revenues of $1.74 billion, ahead of the Zacks Consensus Estimate of $1.70 billion. Sales increased 11.9% year over year driven by contributions from acquisitions and organic growth.
Outlook: For 2018, Avery Dennison guides its adjusted earnings per share range of $5.70-$5.95. The company expects to deliver a strong top-line and double-digit EPS growth in 2018.
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 $1.25 for the fourth 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 6.85%.
Avery Dennison Corporation Price and EPS Surprise
Avery Dennison Corporation Price and EPS Surprise | Avery Dennison Corporation Quote
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.
Market Reaction: Shares remained flat in pre-market trading following the release, at the time of this write-up.
Check back later for our full write up on this Avery Dennison earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>