Avery Dennison (AVY): Q4 Earnings Preview
Key Points:
* Earnings Release: Tomorrow, before market hours
* Revenue Expectations: $2.19 billion, 3.7% YoY growth
* Adjusted EPS Expectations: $2.41 per share
Q3 Performance Summary:
* Missed revenue estimates by 1.2%
* Reported revenue of $2.18 billion, up 4.1% YoY
* Missed organic revenue estimates
* Met EPS estimates
Analyst Sentiment and Price Target:
* Analysts have reconfirmed their estimates, maintaining expectations for steady performance
* Avery Dennison has missed revenue estimates six times in the past two years
* Average analyst price target: $220.58
* Current share price: $193.30
Industry Peers' Performance:
* Packaging Corporation of America: 10.7% YoY revenue growth, beating estimates
* LSI: 35.5% YoY revenue growth, exceeding expectations
* Positive sentiment in the industrials segment
Key Takeaway:
Analysts anticipate moderate growth for Avery Dennison in Q4. Investors should monitor earnings results and analyst reactions to assess the company's performance and future outlook.