Avery Dennison Q4 Adj. EPS $2.16 Misses $2.17 Estimate, Sales $2.11B Beat $2.10B Estimate
Portfolio Pulse from Benzinga Newsdesk
Avery Dennison (NYSE:AVY) reported Q4 adjusted EPS of $2.16, slightly missing the consensus estimate of $2.17. However, the company's sales of $2.11B exceeded the $2.10B estimate, marking a 4.15% increase from the previous year.
January 31, 2024 | 11:46 am
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Avery Dennison's Q4 earnings per share were slightly below expectations, but sales figures exceeded estimates and showed year-over-year growth.
The slight miss in EPS is often considered negative by investors, but the beat on revenue and the year-over-year growth may counterbalance the EPS miss. The mixed results could lead to a neutral short-term impact on the stock price, as the market digests both the positive and negative aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100