Countdown to Avery Dennison (AVY) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS

Core Insights - Analysts expect Avery Dennison (AVY) to report quarterly earnings of $2.32 per share, reflecting a year-over-year decline of 0.4% [1] - Revenue projections stand at $2.21 billion, indicating a 1.4% increase from the previous year [1] - There has been a downward revision of 1.1% in the consensus EPS estimate over the past 30 days, suggesting a reappraisal by analysts [1][2] Revenue Estimates - The 'Net Sales- Solutions Group' is projected to reach $697.13 million, representing a year-over-year increase of 1.7% [4] - The 'Net Sales- Materials Group' is expected to be $1.53 billion, indicating a 1.9% increase compared to the prior year [4] Operating Income Estimates - 'Adjusted Operating income (loss)- Solutions Group' is estimated at $71.95 million, down from $77.40 million in the same quarter last year [5] - 'Adjusted Operating income (loss)- Materials Group' is projected to be $223.68 million, slightly up from $222.20 million reported in the previous year [5] Stock Performance - Avery Dennison shares have decreased by 1.8% over the past month, contrasting with the Zacks S&P 500 composite's increase of 1.2% [5] - The company holds a Zacks Rank 3 (Hold), indicating it is expected to closely follow overall market performance in the near term [5]