Avery Dennison(AVY) ZACKS·2024-12-03 15:55Core Insights - Zacks Premium provides tools for investors to enhance their stock market engagement and confidence, including daily updates, research reports, and stock screens [1][2] Zacks Style Scores - Zacks Style Scores are indicators that rate stocks based on value, growth, and momentum methodologies, helping investors identify stocks likely to outperform in the next 30 days [3][4] - Stocks are rated from A to F, with A indicating the highest potential for outperformance [4] Categories of Style Scores - Value Score: Focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [5] - Growth Score: Evaluates a company's financial health and future growth potential based on earnings and sales projections [6] - Momentum Score: Assesses stocks based on price trends and earnings estimate changes to identify optimal buying opportunities [7] - VGM Score: Combines the three Style Scores to highlight stocks with attractive value, growth, and momentum [8] Zacks Rank and Style Scores - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in stock selection [9] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [10] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal success [11][13] Stock Highlight: Avery Dennison (AVY) - Avery Dennison Corporation, based in Pasadena, CA, specializes in pressure-sensitive materials and various converted products, serving a global clientele [14] - Currently rated 3 (Hold) with a VGM Score of A, AVY has a Momentum Style Score of B and has seen a 0.3% increase in shares over the past four weeks [15] - Recent earnings estimates for fiscal 2024 have been revised upward, with the Zacks Consensus Estimate increasing by 9.42 per share, and an average earnings surprise of 3.7% [15][16]