Avery Dennison Earnings Preview

Avery Dennison (NYSE:AVY) is preparing to release its quarterly earnings on Wednesday, 2024-10-23. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Avery Dennison to report an earnings per share (EPS) of $2.33.

Anticipation surrounds Avery Dennison's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Performance in Previous Earnings

In the previous earnings release, the company beat EPS by $0.16, leading to a 2.62% drop in the share price the following trading session.

Here's a look at Avery Dennison's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

2.26

2.15

2.17

2.1

EPS Actual

2.42

2.29

2.16

2.1

Price Change %

-3.0%

2.0%

0.0%

1.0%

Avery Dennison Share Price Analysis

Shares of Avery Dennison were trading at $215.41 as of October 21. Over the last 52-week period, shares are up 25.93%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Insights on Avery Dennison

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Avery Dennison.

The consensus rating for Avery Dennison is Outperform, derived from 7 analyst ratings. An average one-year price target of $248.43 implies a potential ...