AMCR Stock Recent News

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Amcor's growth over the past 6 years was driven by acquisitions, resulting in top-line and bottom-line growth. There were also improving returns. AMCR is financially sound with a low reinvestment rate. But operating trends show mixed signals for operating and capital efficiencies. A valuation assuming zero or low reinvestment rates provided more than 30% margin of safety.

Amcor's (AMCR) fiscal third-quarter revenues decline year over year due to low volumes. However, earnings grow year over year aided by its cost management efforts.

Amcor plc (NYSE:AMCR ) Q3 2024 Earnings Conference Call April 30, 2024 5:30 PM ET Company Participants Tracey Whitehead - Head, Investor Relations Peter Konieczny - Interim Chief Executive Officer Michael Casamento - Chief Financial Officer Conference Call Participants Ghansham Panjabi - Baird Daniel Kang - CLSA Adam Samuelson - Goldman Sachs John Purtell - Macquarie Richard Johnson - Jefferies James Wilson - Jarden Australia George Staphos - Bank of America Brook Campbell - Barrenjoey Keith Chau - MST Cameron McDonald - E&P Anthony Longo - JPMorgan Andrew Scott - Morgan Stanley Operator Thank you for standing by. My name is Jay and I will be your conference operator today.

Amcor (AMCR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Amcor (AMCR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Amcor's (AMCR) third-quarter fiscal 2024 results are likely to reflect the impacts of muted consumer spending and destocking on its volumes as well as high costs.

ZURICH , April 16, 2024 /PRNewswire/ -- Amcor plc (NYSE: AMCR; ASX: AMC) will announce its year to date results for the nine months ended 31 March 2024 after the US market closes on Tuesday 30 April 2024.   A conference call and webcast to discuss the results will be held at 5.30pm US Eastern Daylight Time on Tuesday 30 April 2024 / 7.30am Australian Eastern Standard Time on Wednesday 1 May 2024.

Amcor (AMCR) reaffirms its adjusted EPS at 67-71 cents for fiscal 2024.

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