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With a market cap of $15.1 billion, Mentor, Ohio-based Avery Dennison Corporation (AVY) is a global leader in materials science and digital identification solutions and operates in over 50 countries. The company specializes in pressure-sensitive materials, including papers, plastic films, and adhesives, serving industries such as home and personal care, food and beverages, and pharmaceuticals. AVY is expected to release its fiscal Q4 earnings results on Wednesday, Jan. 29.
Ahead of this event, analysts project the office products maker to report a profit of $2.37 per share, reflecting an increase of 9.7% from $2.16 per share in the year-ago quarter. The company holds a solid track record of consistently surpassing Wall Street's bottom-line estimates in the last four quarterly reports. In the most recent quarter, AVY surpassed the consensus EPS estimate by a slight margin.