Amcor (NYSE:AMCR) reported its Q2 earnings results on Tuesday, February 6, 2024 at 04:10 PM.
Here’s what investors need to know about the announcement.
Earnings
Amcor beat estimated earnings by 4.67%, reporting an EPS of $0.157 versus an estimate of $0.15.
Revenue was down $391.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 2.02% drop in the share price the next day.
Here’s a look at Amcor’s past performance:
| Quarter | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.150 | 0.180 | 0.180 | 0.17 |
| EPS Actual | 0.156 | 0.193 | 0.175 | 0.19 |
| Revenue Estimate | 3.35B | 3.69B | 3.66B | 3.61B |
| Revenue Actual | 3.44B | 3.67B | 3.67B | 3.64B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Amcor management provided guidance for FY 2024, expecting earnings between $0.67 and $0.71 per share.
To track all earnings releases for Amcor visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
