Avery Dennison Raises FY24 Adj EPS Outlook From $9.00 - $9.50 To $9.30 - $9.50 Vs. $9.41 Est.
Portfolio Pulse from Benzinga Newsdesk
Avery Dennison has raised its FY24 adjusted EPS outlook from a range of $9.00 - $9.50 to $9.30 - $9.50, compared to the $9.41 estimate.
July 23, 2024 | 10:48 am
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Avery Dennison has increased its FY24 adjusted EPS outlook, indicating stronger than expected financial performance. The new range is $9.30 - $9.50, up from $9.00 - $9.50, aligning closely with the $9.41 estimate.
The upward revision of the EPS outlook suggests that Avery Dennison is performing better than previously expected. This positive adjustment is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100