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What Analyst Projections for Key Metrics Reveal About Amcor (AMCR) Q4 Earnings
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The upcoming report from Amcor (AMCR - Free Report) is expected to reveal quarterly earnings of $1.20 per share, indicating an increase of 20% compared to the year-ago period. Analysts forecast revenues of $6.06 billion, representing an increase of 19.3% year over year.
The current level reflects an upward revision of 0.1% 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 reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Amcor metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus estimate for 'Net Sales- Global Flexible Packaging Solutions' stands at $3.47 billion. The estimate indicates a year-over-year change of +8.2%.
The collective assessment of analysts points to an estimated 'Net Sales- Global Rigid Packaging Solutions' of $2.68 billion. The estimate indicates a change of +42.7% from the prior-year quarter.
According to the collective judgment of analysts, 'Adjusted EBIT- Global Flexible Packaging Solutions' should come in at $536.17 million. The estimate compares to the year-ago value of $450.00 million.
It is projected by analysts that the 'Adjusted EBIT- Global Rigid Packaging Solutions' will reach $315.20 million. The estimate is in contrast to the year-ago figure of $204.00 million.
Over the past month, shares of Amcor have returned +10.2% versus the Zacks S&P 500 composite's +2.3% change. Currently, AMCR carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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What Analyst Projections for Key Metrics Reveal About Amcor (AMCR) Q4 Earnings
The upcoming report from Amcor (AMCR - Free Report) is expected to reveal quarterly earnings of $1.20 per share, indicating an increase of 20% compared to the year-ago period. Analysts forecast revenues of $6.06 billion, representing an increase of 19.3% year over year.
The current level reflects an upward revision of 0.1% 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 reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Amcor metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus estimate for 'Net Sales- Global Flexible Packaging Solutions' stands at $3.47 billion. The estimate indicates a year-over-year change of +8.2%.
The collective assessment of analysts points to an estimated 'Net Sales- Global Rigid Packaging Solutions' of $2.68 billion. The estimate indicates a change of +42.7% from the prior-year quarter.
According to the collective judgment of analysts, 'Adjusted EBIT- Global Flexible Packaging Solutions' should come in at $536.17 million. The estimate compares to the year-ago value of $450.00 million.
It is projected by analysts that the 'Adjusted EBIT- Global Rigid Packaging Solutions' will reach $315.20 million. The estimate is in contrast to the year-ago figure of $204.00 million.
View all Key Company Metrics for Amcor here>>>Over the past month, shares of Amcor have returned +10.2% versus the Zacks S&P 500 composite's +2.3% change. Currently, AMCR carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .