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Amcor plc Misses Q3 EPS by 3c

Published 04-05-2022, 03:20 am

Amcor plc (NYSE:AMCR) reported Q3 EPS of $0.17, $0.03 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $3.44 billion.

Fiscal 2022 guidance:

For the twelve month period ending June 30, 2022, the Company now expects:

  • Adjusted EPS growth of approximately 9.5% to 11% (previously 7% to 11%) on a comparable constant currency basis, or approximately 79.5 to 81.0 cents per share (previously 79.0 to 81.0 cents per share) on a reported basis assuming current exchange rates prevail through fiscal 2022.
  • Adjusted Free Cash Flow of approximately $1.1 billion.
  • Approximately $600 million of cash to be allocated towards share repurchases in fiscal 2022.

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