Equity Profile

AVY

Avery Dennison Corporation

MaterialsPaper & Plastic Packaging Products & Materials$11.9B

Apr28Tue

Post-Earnings Recap

ReportedQ1-2026Pre-Market6:45 AM EDT

Avery Dennison Beats on EPS, Stock Down 0.31%

Metric	Actual	Expected	Surprise
EPS	$2.47	$2.43	+2.62%
Revenue	N/A	$2.3B	N/A

management commentary, guidance changes, and full analysis available with Pro.

Avery Dennison Beats on EPS, Stock Down 0.31%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$2.47	$2.43	+2.62%
Revenue	N/A	$2.3B	N/A

Management Commentary

Tone: Cautiously Optimistic

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.

What It Means

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.

Company Snapshot

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.

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and reflects the company's ability to generate profit per share of stock.

$2.43

Revenue

Total revenue gives insight into the company's sales performance and market demand for its products.

$2.3B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+1.91%

Avg Stock Reaction

+0.42%

Last Quarter Recap

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.

Management Promises & Guidance

Expectations

Wall Street Expectations

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

$2.43

Earnings per share is a key indicator of profitability and reflects the company's ability to generate profit per share of stock.

Revenue

$2.3B

Total revenue gives insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

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.

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.

Edge

What the Street Is Missing

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.

Edge

Thesis-Break Levels

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.

Pre-Earnings Positioning

Options Market

Implied Move

±6.17%

Historical Avg

±3.4%

Pricing rich

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 ±3.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

2.5%

30d HV

28.2%

Calls (8K)P/C Ratio: 2.43Puts (19K)

Preparation

Post-Print Playbook

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.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on demand for sustainable packaging products.
2Insights into cost pressures and how they are being managed.
3Management's outlook on revenue growth for the next quarter.
4Details on any new product launches or innovations.
5Comments on market competition and pricing strategies.

See the full picture

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and reflects the company's ability to generate profit per share of stock.

$2.43

Revenue

Total revenue gives insight into the company's sales performance and market demand for its products.

$2.3B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+1.91%

Avg Stock Reaction

+0.42%

Last Quarter Recap

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.

Management Promises & Guidance

Expectations

Wall Street Expectations

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

$2.43

Earnings per share is a key indicator of profitability and reflects the company's ability to generate profit per share of stock.

Revenue

$2.3B

Total revenue gives insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

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.

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.

Edge

What the Street Is Missing

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.

Edge

Thesis-Break Levels

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.

Pre-Earnings Positioning

Options Market

Implied Move

±6.17%

Historical Avg

±3.4%

Pricing rich

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 ±3.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

2.5%

30d HV

28.2%

Calls (8K)P/C Ratio: 2.43Puts (19K)

Preparation

Post-Print Playbook

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.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on demand for sustainable packaging products.
2Insights into cost pressures and how they are being managed.
3Management's outlook on revenue growth for the next quarter.
4Details on any new product launches or innovations.
5Comments on market competition and pricing strategies.