Avery Dennison (AVY) Beats On Q3 Earnings & Revenues
Zacks Investment Research | Oct 26, 2016 07:10AM ET
Avery Dennison Corporation (NYSE:AVY) is a global leader in labeling and packaging materials and solutions. Its applications and technologies are an integral part of products used across every major market and industry. Its products are sold under the Avery, Avery Dennison, Avery Graphics and Fasson brands.
Avery Dennison continues to focus on expanding in emerging markets and developing innovative new products to enable share gain and application growth. The Pressure Sensitive Materials and Retail Brandings segments are poised for long-term growth. Further, Avery Dennison will gain from constant focus on productivity and capital discipline. Continued focus on execution of strategies, cost control and share repurchases will also drive results.
Let’s have a quick look at the third-quarter 2016 earnings release of this Pasadena Calif. based manufacturer of pressure-sensitive materials.
Estimate Trend & Surprise History: You should note that the earnings estimate revisions for Avery Dennison have moved north prior to the earnings release. The Zacks Consensus Estimate has moved up 1% over the last 30 days and currently stands at $1.00 for the third quarter.
Coming to earnings surprise history, Avery Dennison has an impressive track record. In the past 4 quarters, the company has outpaced the Zacks Consensus Estimate on all occasions, with an average beat of 7.44%.
AVERY DENNISON Price and EPS Surprise
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