Avery Dennison (AVY) Reports Q1: Everything You Need To Know Ahead Of Earnings

StockStory
04-22
Avery Dennison (AVY) Reports Q1: Everything You Need To Know Ahead Of Earnings

Adhesive manufacturing company Avery Dennison (NYSE:AVY) will be reporting earnings tomorrow morning. Here’s what to look for.

Avery Dennison met analysts’ revenue expectations last quarter, reporting revenues of $2.19 billion, up 3.6% year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts’ expectations.

Is Avery Dennison a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Avery Dennison’s revenue to be flat year on year at $2.15 billion, slowing from the 4.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.31 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Avery Dennison has missed Wall Street’s revenue estimates six times over the last two years.

Looking at Avery Dennison’s peers in the industrials segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Lindsay delivered year-on-year revenue growth of 23.5%, beating analysts’ expectations by 4%, and Insteel reported revenues up 26.1%, topping estimates by 7.2%. Lindsay traded down 8% following the results, while Insteel was up 13.9%.

Read our full analysis of Lindsay’s results here and Insteel’s results here.

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10