Avery Dennison (NYSE: AVY) reported earnings on May 8. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Avery Dennison met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted and GAAP earnings per share was unchanged.

Gross margins contracted, operating margins improved, net margins expanded.

Revenue details
Avery Dennison chalked up revenue of $1.48 billion. The two analysts polled by S&P Capital IQ anticipated revenue of $1.49 billion on the same basis. GAAP reported sales were 2.8% lower than the prior-year quarter's $1.53 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.49. The five earnings estimates compiled by S&P Capital IQ forecast $0.43 per share. GAAP EPS of $0.42 were the same as the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 26.1%, 10 basis points worse than the prior-year quarter. Operating margin was 6.1%, 60 basis points better than the prior-year quarter. Net margin was 3.0%, 10 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.53 billion. On the bottom line, the average EPS estimate is $0.55.

Next year's average estimate for revenue is $6.02 billion. The average EPS estimate is $1.96.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 103 members out of 131 rating the stock outperform, and 28 members rating it underperform. Among 56 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 53 give Avery Dennison a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Avery Dennison is hold, with an average price target of $30.80.

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