Avery Dennison Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Avery Dennison Corporation (NYSE:AVY) will unveil its latest earnings on Wednesday, April 25, 2012. 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 Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 44 cents per share, a decline of 13.7% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 54 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 44 cents during the last month. Analysts are projecting profit to rise by 8.8% versus last year to $1.97.

Past Earnings Performance: Last quarter, the company missed estimates by 7 cents, coming in at net income of 39 cents per share against an estimate of profit of. In the third quarter of the last fiscal year, the company also missed expectations.

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Wall St. Revenue Expectations: Analysts predict a decline of 11.4% in revenue from the year-earlier quarter to $1.47 billion.

Analyst Ratings: Analysts seem relatively indifferent about Avery Dennison with three of five analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 80.6% to $22.2 million (21 cents a share) from $114.2 million ($1.07 a share) the year earlier, missing analyst expectations. Revenue fell 42.5% to $941.7 million from $1.64 billion.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 6.7% in the first quarter of the last fiscal year, 2.7% in the second quarter of the last fiscal year and 3.6%in the third quarter of the last fiscal year before dropping in the fourth quarter of the last fiscal year.

Heading into this earnings announcement, net income has dropped 33.4% on average for the last four quarters.

Stock Price Performance: Between January 24, 2012 and April 19, 2012, the stock price rose $2.54 (9%), from $28.35 to $30.89. The stock price saw one of its best stretches over the last year between November 23, 2011 and December 7, 2011, when shares rose for 10 straight days, increasing 16.6% (+$3.93) over that span. It saw one of its worst periods between November 15, 2011 and November 23, 2011 when shares fell for seven straight days, dropping 10.9% (-$2.90) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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