• Wed. Feb 8th, 2023

Avery Dennison: Q3 Earnings Insights – Avery Dennison (NYSE:AVY)

ByBenzinga Insights

Oct 26, 2022
Avery Dennison: Q3 Earnings Insights - Avery Dennison (NYSE:AVY)

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.



Image and article originally from www.benzinga.com. Read the original article here.