Avery Dennison Earnings: Everything You Must Know Now

Avery Dennison Corporation (NYSE:AVY) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Avery Dennison Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 31.11% to $0.59 in the quarter versus EPS of $0.45 in the year-earlier quarter.

Revenue: Rose 1.06% to $1.5 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Avery Dennison Corporation reported adjusted EPS income of $0.59 per share. By that measure, the company beat the mean analyst estimate of $0.58. It missed the average revenue estimate of $1.53 billion.

Quoting Management: “First-quarter results were in line with our expectations,” said Dean Scarborough, Avery Dennison chairman, president and CEO. “Double-digit sales growth in emerging markets at Pressure-sensitive Materials and continued sales growth at Retail Branding and Information Solutions, combined with the benefits of our restructuring program, put us on track for a 22 to 40 percent increase in full-year adjusted earnings per share.”

Key Stats (on next page)…

Revenue decreased 2.17% from $1.53 billion in the previous quarter. EPS increased 9.26% from $0.54 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.69 and has not changed. For the current year, the average estimate has moved up from a profit of $2.37 to a profit of $2.56 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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