S&P 500 (NYSE:SPY) component Avery Dennison (NYSE:AVY) will unveil its latest earnings tomorrow, Wednesday, January 30, 2013. Avery Dennison is a global manufacturer of pressure-sensitive materials, office products, and a variety of paper products. It provides businesses and consumers with identification solutions and converted products, such as tickets, tags, and labels. .
Avery Dennison Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of 49 cents per share, a rise of 25.6% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting profit of $2.03 per share, a decline of 6% from last year.
Past Earnings Performance: Last quarter, the company reported net income of 53 cents per share versus a mean estimate of profit of. The company has beaten estimates for the past three quarters.
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A Look Back: In the third quarter, profit rose 17.1% to $58.3 million (57 cents a share) from $49.8 million (47 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 12.5% to $1.49 billion from $1.7 billion.
Here’s how Avery Dennison traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: