* ACCO Brands Corp reported quarterly adjusted earnings of 23 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 24 cents. The mean expectation of three analysts for the quarter was for earnings of 23 cents per share. Wall Street expected results to range from 22 cents to 24 cents per share.
* Revenue fell 6% to $420.90 million from a year ago; analysts expected $418.20 million.
* ACCO Brands Corp's reported EPS for the quarter was 9 cents.
* The company reported quarterly net income of $9.3 million.
* ACCO Brands Corp shares had fallen by 9.1% this quarter and lost 18.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 11.5% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the business support supplies peer group is "buy."
Wall Street's median 12-month price target for ACCO Brands Corp is $12.00 This summary was machine generated from LSEG data November 1 at 03:31 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.23 0.23 Met
Jun. 30 2024 0.31 0.37 Beat
Mar. 31 2024 0.02 0.03 Beat
Dec. 31 2023 0.33 0.39 Beat
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