Amcor Analysts Increase Their Forecasts After Q4 Results
Portfolio Pulse from Avi Kapoor
Amcor plc (NYSE:AMCR) reported mixed Q4 results with earnings beating estimates but sales missing expectations. Analysts have raised their price targets following the earnings announcement.
August 16, 2024 | 1:29 pm
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Amcor reported mixed Q4 results with earnings of 21 cents per share beating the estimate of 20 cents, but sales of $3.54 billion missing the estimate of $3.64 billion. Analysts raised their price targets following the announcement.
Amcor's Q4 earnings beat expectations, which is a positive indicator for the stock. Although sales missed estimates, the overall positive earnings and raised price targets by analysts suggest a likely short-term price increase.
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