Amcor Shares Down 4% Since Q4 Results Announcement

Amcor plc (NYSE:AMCR) shares fell around 4% since the company’s reported Q4 results last week. Quarterly EPS came in at $0.07, worse than the Street estimate of $0.24. Revenue was $3.91 billion, compared to the Street estimate of $3.78 billion.

For the full 2023-year, the company expects adjusted EPS to be in the range of $0.80-$0.84.

This implies just 2% growth year over year at the midpoint given currency and interest headwinds. The guidance also includes the sale of the Russia business by H2/23, which is roughly a 2% headwind to EPS.