Amcor Q4 Adj. EPS $0.19 Beats $0.18 Estimate
Portfolio Pulse from Benzinga Newsdesk
Amcor (NYSE:AMCR) reported Q4 earnings of $0.19 per share, beating the analyst consensus estimate of $0.18 by 7.22%. However, this is a 19.58% decrease from the same period last year. The company's quarterly sales were $3.67 billion, missing the analyst consensus estimate of $3.69 billion by 0.46%, and marking a 6.04% decrease from the same period last year.
August 16, 2023 | 8:13 pm
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Amcor's Q4 earnings beat estimates but are down from last year. Sales also missed estimates and are down YoY.
Amcor's earnings beat estimates, which is positive. However, the YoY decrease in both earnings and sales, as well as the missed sales estimates, are negative indicators that could potentially lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100