Core Viewpoint - Acco Brands reported quarterly earnings of 0.41 per share, indicating a slight decline in performance compared to the previous year [1] Financial Performance - The company posted revenues of 488.6 million year-over-year [2] - Over the last four quarters, Acco has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Performance - Acco shares have increased approximately 5.9% since the beginning of the year, outperforming the S&P 500's gain of 4.5% [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is 362.8 million, and for the current fiscal year, it is 1.69 billion [7] - The estimate revisions trend for Acco is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The Office Supplies industry, to which Acco belongs, is currently in the bottom 3% of over 250 Zacks industries, indicating potential challenges ahead [8]
Acco Brands (ACCO) Misses Q4 Earnings and Revenue Estimates