A Preview Of ACCO Brands's Earnings

ACCO Brands (NYSE:ACCO) is preparing to release its quarterly earnings on Thursday, 2024-10-31. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect ACCO Brands to report an earnings per share (EPS) of $0.23.

Anticipation surrounds ACCO Brands'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.

Overview of Past Earnings

In the previous earnings release, the company beat EPS by $0.06, leading to a 6.63% drop in the share price the following trading session.

Here's a look at ACCO Brands's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.31

0.02

0.33

0.23

EPS Actual

0.37

0.03

0.39

0.24

Price Change %

-7.000000000000001%

-1.0%

-13.0%

-3.0%

Analyst Insights on ACCO Brands

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding ACCO Brands.

Analysts have given ACCO Brands a total of 1 ratings, with the consensus rating being Outperform. The average one-year price target is $7.0, indicating a potential 43.74% upside.

Comparing Ratings Among Industry Peers

The below comparison of the analyst ratings and average 1-year price targets of NL Industries, Interface and Steelcase, three prominent players in the industry, gives insights for their relative performance expectations and market positioning.

The consensus ...