Amcor (AMCR) Q2 Earnings Match Estimates

Core Viewpoint - Amcor reported quarterly earnings of $0.16 per share, matching the Zacks Consensus Estimate, with revenues of $3.24 billion, which fell short of expectations by 5.79% [1][2] Financial Performance - Earnings per share (EPS) for the quarter were $0.16, consistent with the previous year [1] - Revenues decreased slightly from $3.25 billion a year ago to $3.24 billion [2] - Over the last four quarters, Amcor has only surpassed consensus EPS estimates once [1] Market Performance - Amcor shares have increased by approximately 1.6% since the beginning of the year, compared to a 1.9% gain for the S&P 500 [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.20, with projected revenues of $3.61 billion, and for the current fiscal year, the EPS estimate is $0.74 on revenues of $14.08 billion [7] - The Containers - Paper and Packaging industry is ranked in the bottom 39% of Zacks industries, which may negatively impact Amcor's stock performance [8]