The headline numbers for Avery Dennison (AVY) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Avery Dennison (AVY) came out with quarterly earnings of $2.33 per share, beating the Zacks Consensus Estimate of $2.32 per share. This compares to earnings of $2.10 per share a year ago.
AVY's Q3 results are likely to reflect the impacts of solid demand, partially offset by raw material and freight cost inflation.
Evaluate the expected performance of Avery Dennison (AVY) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
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Avery Dennison Corporation, a $17.6 billion leader in labeling and packaging, is poised for growth with its digital tagging solutions, making it a strong buy. Avery Dennison delivered a strong Q2 rebound with record financial performance, as retailer destocking has finally ceased. I believe the stock's potential upside of 21% based on a P/E ratio of 28.08 justifies a buy rating.
AVY plans to have around $8 billion in capital available in the next five years to grow organically and contribute to M&A.
Avery Dennison (AVY) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Here is how Avery Dennison (AVY) and Brambles Ltd. (BXBLY) have performed compared to their sector so far this year.
Avery Dennison (AVY) possesses solid growth attributes, which could help it handily outperform the market.
Here is how Avery Dennison (AVY) and Eaton (ETN) have performed compared to their sector so far this year.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.