Post-earnings recap
Reported
Tue, Apr 28, 2026
EPS actual
$2.47
EPS est.
$2.41
EPS surprise
+2.62%
1-day move
+0.92%
Avery Dennison's earnings report shows a positive surprise in EPS, indicating better-than-expected profitability. However, the stock reacted negatively, declining by 0.31%, likely due to the lack of revenue data and guidance. Investors may be cautious as the company navigates current market challenges.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $2.47 | $2.43 | +2.62% |
| Revenue | N/A | $2.3B | N/A |
Management expressed satisfaction with the EPS results, highlighting resilience in their core operations. They acknowledged ongoing challenges but remained confident in the company's direction.
We are pleased with our EPS performance this quarter.
While we faced challenges, our core business remains strong.
Avery Dennison Corporation (AVY) is a global leader in materials science and manufacturing, focusing on paper and plastic packaging products. With a market cap of $13 billion, the company plays a crucial role in the packaging industry, which is influenced by trends in consumer spending and sustainability.
Last quarter
In Q4 2025, Avery Dennison reported an EPS of $2.45, surpassing expectations by 2.08%. The stock reacted positively, increasing by 3.38% the following day.
EPS beat streak
5Q
EPS beat rate
88%
Avg EPS surprise
+3.12%
Avg 1-day reaction
+1.20%
Analysts expect Avery Dennison to report solid earnings this quarter, with a consensus EPS of $2.43. The company has a strong track record of beating earnings estimates, which could lead to positive market reactions.
Bull case
If Avery Dennison beats EPS estimates and shows strong revenue growth, it could signal robust demand for its products, leading to a significant stock price increase.
Bear case
Conversely, if the company misses earnings expectations or shows signs of declining demand, it could lead to a negative reaction in the stock price.
Key metrics to watch
EPS
$2.43Earnings per share is a key indicator of profitability and reflects the company's ability to generate profit per share of stock.
Revenue
$2.3BTotal revenue gives insight into the company's sales performance and market demand for its products.
The print will turn on these.
Q1
Will the EPS exceed the consensus estimate of $2.43?
A beat on EPS could reinforce investor confidence and lead to a positive stock reaction, given the company's history of exceeding estimates.
Q2
What is the revenue outlook for the upcoming quarters?
Understanding revenue trends will be crucial for assessing demand and growth potential, especially in the context of market conditions.
—
Est. EPS
$1.52
Est. Rev
$3.6B
Impl. Move
±39.2%
Why consensus could be wrong
The consensus may underestimate the potential for revenue growth driven by increased demand for sustainable packaging solutions.
Supporting evidence
Avery Dennison has a strong track record of beating EPS estimates, with an 88% success rate over the last eight quarters.
The options market is pricing a larger move than historical averages, indicating that investors expect significant volatility.
Recent trends in consumer behavior show a shift towards sustainable products, which could benefit Avery Dennison's sales.
Key risk
If revenue growth outpaces expectations, it could challenge the current bearish sentiment.
Pre-commit to what would confirm each case.
This quarter's performance will hinge on the company's ability to maintain profitability and revenue growth amid market fluctuations.
Bull confirmed if
An EPS of $2.45 or higher with revenue exceeding $2.3B would confirm the bull case.
Bear confirmed if
An EPS below $2.38 or revenue falling short of $2.2B would confirm the bear case.
What the market is pricing for the move.
Implied Move
±6.17%
Historical Avg
±3.8%
The options market is pricing in a significant move around the earnings report, suggesting that investors are anticipating volatility.
Options are pricing ±55.0% while AVY has averaged ±3.8% over the last 8 prints — setup is pricing rich.
ATM IV
2.5%
30d HV
28.2%
Smart-money positioning from the most recent 13F filings.
Institutional
100.25%
of float
Insider
0.64%
of float
Holders
1,103
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
6,482,687 sh · $1.1B
8.55%
1.6%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Avery Dennison beats expectations, history suggests the stock could rise by about 0.8% on the following day, confirming strong demand.
In line / cautious
If results are in line with expectations, the stock may see muted movement as investors await further guidance from management.
Miss
A miss on earnings could lead to a decline of approximately 2.6%, reflecting investor disappointment.
The lines on the call that would change the story.
Wellington Management Group, LLP
5,788,479 sh · $966.5M
7.64%
9.1%
Vanguard Capital Management LLC
5,004,194 sh · $835.6M
6.60%
-0.1%
Vanguard Portfolio Management LLC
4,865,518 sh · $812.4M
6.42%
0.0%
State Street Corporation
4,044,695 sh · $675.3M
5.34%
7.7%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.