Avery Dennison Earnings Preview: Can This Streak Continue?

Avery Dennison (NYSE:AVY) will report earnings before markets open on Tuesday, July 23rd. Avery Dennison Corporation develops, manufactures, and markets pressure-sensitive materials, office products and a variety of tickets, tags, labels and other converted products. The Company also manufacture a variety of office products and other converted products, as well as binders, organizing systems, markers, fasteners, and business forms, and other products.

Here is your Cheat Sheet to Avery Dennison Earnings:

Earnings Expectations: Analysts expect earnings of $0.70 per share on revenues of $1.54 billion. Currently, the company’s P/E ratio stands at 19.68.

Analyst Trends:

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 $0.64 and has not changed. For the current year, the average estimate is a profit of $2.58, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Avery Dennison has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 6,710 5,953 6,513 6,026 6,036
Diluted EPS ($) 2.70 -7.21 2.97 1.78 2.08

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 1,532.30 1,487.80 1,532.20 1,498.90
Diluted EPS ($) 0.62 0.57 0.48 0.57

Past Performance:
Avery Dennison has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

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