Avery Dennison Raises Earnings Guidance for 2024

Avery Dennison Corp. reported a positive outlook for FY 2024, raising its adjusted earnings guidance. Analysts' expectations align closely with the company's updated projections, indicating a stable performance.

Date: 23-10-2024

AI Rating: 7

The report highlights Avery Dennison Corp. (AVY) raising its adjusted earnings guidance for the fiscal year 2024. The new guidance for earnings per share (EPS) is projected between $8.75 and $8.90, while adjusted earnings are estimated in the range of $9.35 to $9.50.

Previously, the company had anticipated an EPS range of $8.75 to $8.95 and adjusted earnings between $9.30 and $9.50. This upward adjustment represents a slight increase in the lower limit of their earnings forecast, emphasizing a positive sentiment about future performance.

Moreover, the average earnings expectation from analysts is $9.43 per share, which falls within the company's revised guidance for adjusted earnings. This correlation suggests that the market anticipates consistent performance from Avery Dennison going forward.

Stocks: AVY