On Wednesday, October 21, Avery Dennison AVY will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.
The Definitions Of Net Income, Earnings And Earnings Per Share (EPS)
Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.
Earnings And Revenue
Wall Street analysts see Avery Dennison reporting earnings of $1.52 per share on sales of $1.70 billion. Avery Dennison reported a profit of $1.66 per share when it published results during the same quarter last year. Sales in that period totaled $1.76 billion.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a given company yields the "consensus estimates." If the company posts earnings or revenue above or below the consensus estimate, the stock may move by a considerable margin.
If the company were to match the consensus estimate, earnings would be down 8.43%. Revenue would be down 3.46% from the year-ago period. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2020 | Q1 2020 | Q4 2020 | Q3 2019 |
|---|---|---|---|---|
| EPS Estimate | 1.10 | 1.50 | 1.69 | 1.61 |
| EPS Actual | 1.27 | 1.66 | 1.73 | 1.66 |
| Revenue Estimate | 1.50 B | 1.74 B | 1.79 B | 1.75 B |
| Revenue Actual | 1.53 B | 1.72 B | 1.77 B | 1.76 B |
Stock Performance
Over the last 52-week period, shares of Avery Dennison are up 7.74%.
The general EPS consensus estimate since that time has moved up 38.18% while revenue estimates have moved up 3.46%.
Do not be surprised to see the stock move on comments made during its conference call. Avery Dennison is scheduled to hold the call at 13:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/v55nisja
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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