Stock of the Day

October 11, 2021

Amcor (AMCR)

$45.97
-$0.70 (-1.5%)
Market Cap: $21.58B

About Amcor

Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries. The Rigid Packaging segment offers rigid containers for various beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads, and personal care items; and plastic caps for various applications. The company sells its products through its direct sales force. Amcor plc was incorporated in 2018 and is headquartered in Zurich, Switzerland.

Today's Trend

Amcor PLC (NYSE: AMCR) has a mixed analyst-news backdrop. The revisions are slightly negative for several nearer-term quarters, although some later-period estimates improved and full-year expectations remain intact. This may help explain why the shares have increased recently, but the estimate cuts could limit further upside.

  • Zacks Research raised its EPS estimate for the second quarter of 2027 to $1.20 from $1.19 and for the second quarter of 2028 to $1.27 from $1.20, signaling somewhat stronger expectations for those periods. The firm also projects $4.25 EPS for fiscal 2027 and $4.45 for fiscal 2028. Amcor analyst estimates
  • Zacks maintained its fiscal 2026 EPS estimate at $1.84, matching the current consensus forecast. This suggests no change to analysts’ overall near-term annual earnings outlook. Amcor analyst estimates
  • Amcor’s shares remain above their 50-day and 200-day moving averages, indicating continued positive technical momentum. However, the stock is still below its 52-week high, leaving valuation and earnings revisions important catalysts for investors.
  • Zacks reduced EPS estimates for the third and fourth quarters of fiscal 2026 to $0.96 and $0.88, respectively, from $1.02 and $0.92. It also cut estimates for the first quarter of 2027 to $1.03 from $1.10, the third quarter of 2027 to $1.05 from $1.11, and the fourth quarter of 2027 to $0.97 from $1.02. The cluster of downward revisions points to softer expected earnings in several upcoming periods. Amcor analyst estimate revisions
  • A separate report concerns Amcorp Global Ltd. and its dormant Australian subsidiary, Potts Point Hospitality Pty Ltd—not Amcor PLC—so it should not materially affect AMCR shares. Amcorp Global subsidiary restructuring
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