Avery Dennison AVY reported its Q3 earnings results on Wednesday, October 26, 2022 at 06:45 AM.
Here’s what investors need to know about the announcement.
Earnings
Avery Dennison reported in-line EPS of $2.46 versus an estimate of $2.46.
Revenue was up $245.20 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.27 which was followed by a 2.69% increase in the share price the next day.
Here’s a look at Avery Dennison’s past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.37 | 2.17 | 2.12 | 2.04 |
| EPS Actual | 2.64 | 2.40 | 2.13 | 2.14 |
| Revenue Estimate | 2.34B | 2.28B | 2.12B | 1.98B |
| Revenue Actual | 2.35B | 2.35B | 2.18B | 2.07B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Avery Dennison management provided guidance for FY 2022, expecting earnings between $9.7 and $9.85 per share.
To track all earnings releases for Avery Dennison visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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