Compared to Estimates, Avery Dennison (AVY) Q3 Earnings: A Look at Key Metrics

Core Insights - Avery Dennison reported $2.18 billion in revenue for Q3 2024, a year-over-year increase of 4.1% [1] - The EPS for the quarter was $2.33, up from $2.10 a year ago, with a surprise of +0.43% compared to the consensus estimate of $2.32 [1] - The revenue fell slightly short of the Zacks Consensus Estimate of $2.2 billion, resulting in a surprise of -0.55% [1] Financial Performance Metrics - Net Sales for the Solutions Group were $685.70 million, compared to the two-analyst average estimate of $694.69 million, reflecting a year-over-year change of +6.8% [2] - Net Sales for the Materials Group were $1.50 billion, matching the two-analyst average estimate, with a year-over-year change of +2.9% [2] - Adjusted Operating income for Corporate expense was -$19.90 million, better than the two-analyst average estimate of -$22.02 million [2] - Adjusted Operating income for the Solutions Group was $77.40 million, exceeding the two-analyst average estimate of $74.24 million [2] - Adjusted Operating income for the Materials Group was $222.20 million, slightly below the average estimate of $222.94 million [2] Stock Performance - Avery Dennison's shares have returned -2.8% over the past month, while the Zacks S&P 500 composite has increased by +2.7% [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [2]