Avery Dennison (AVY) Beats Q4 Earnings Estimates

Core Insights - Avery Dennison (AVY) reported quarterly earnings of $2.38 per share, exceeding the Zacks Consensus Estimate of$ 2.37 per share, and up from $2.16 per share a year ago, indicating an earnings surprise of 0.42% [1] - The company posted revenues of$ 2.19 billion for the quarter ended December 2024, which was below the Zacks Consensus Estimate by 0.57%, but up from $2.11 billion year-over-year [2] - The stock has gained approximately 3.1% since the beginning of the year, outperforming the S&P 500's gain of 2.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 2.41, with expected revenues of $2.22 billion, and for the current fiscal year, the consensus EPS is$ 10.34 on revenues of $9.13 billion [7] - The estimate revisions trend for Avery Dennison has been unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The Office Supplies industry, to which Avery Dennison belongs, is currently ranked in the bottom 23% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Another company in the same industry, Acco Brands (ACCO), is expected to report quarterly earnings of$ 0.41 per share, reflecting a year-over-year increase of 5.1%, with revenues projected at $455.06 million, down 6.9% from the previous year [9]