Avery Dennison Sees Q3 Adj EPS Of $2.00 - $2.20 Vs. $2.47 Est.
Portfolio Pulse from Benzinga Newsdesk
Avery Dennison Corporation (AVY) has projected its Q3 adjusted EPS to be between $2.00 and $2.20, which is lower than the estimated $2.47.
July 25, 2023 | 10:48 am
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Avery Dennison's Q3 adjusted EPS is expected to be lower than the estimated $2.47, which could negatively impact the company's stock price.
Earnings per share (EPS) is a key indicator of a company's profitability. A lower than expected EPS often leads to a decrease in the company's stock price as it indicates lower profitability than anticipated. Therefore, Avery Dennison's lower than expected Q3 adjusted EPS could negatively impact its stock price.
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