Amcor plc ($AMCR) Stock Forecast: Down 9.1% Today

What is Amcor plc?

AMCR is a global leader in developing and producing responsible packaging solutions, operating in over 40 countries. Today, the stock experienced a significant bearish movement in the market.

Why is Amcor plc going down?

AMCR stock is down 9.1% on Nov 1, 2024 18:40

• AMCR's Q1 earnings met estimates, but with a 2.6% decrease in revenues year over year likely contributed to the bearish movement.
• The 1% unfavorable impact of foreign exchange and the pass-through of lower raw material costs might have raised concerns among investors.
• Despite expectations of earnings growth from increased volumes and price mix, the market reaction to the revenue decline seems to have overshadowed these positive aspects, leading to the bearish movement.

AMCR Price Chart

AMCR Technical Analysis

AMCR News

Amcor Earnings Meet Estimates in Q1, Revenues Decrease 2.6% Y/Y

AMCR's Q1 top line reflects a 1% unfavorable impact of foreign exchange and a 1% effect of pass-through of lower raw material costs.

https://www.zacks.com/stock/news/2362859/amcor-earnings-meet-estimates-in-q1-revenues-decrease-26-yy

Amcor Gears Up to Report Q1 Earnings: What Should You Expect?

AMCR Q1 earnings are expected to have gained from a pick-up in volumes and price mix.

https://www.zacks.com/stock/news/2360995/amcor-gears-up-to-report-q1-earnings-what-should-you-expect

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Amcor plc Price History

16.07.2024 - AMCR Stock was down 5.1%

• Amcor reported earnings per share of 21.1 cents, surpassing analyst predictions. However, its revenue of $3.54 billion fell short by 2.88%, eliciting a mixed response from investors.
• Despite a robust financial showing, the bearish trend in the market may be linked to the company's failure to meet revenue forecasts amid subdued consumer demand.
• The details from the earnings call emphasized Amcor's performance. Nonetheless, the market's negative reaction to the revenue shortfall resulted in a decline in the stock value.
• Investor sentiment towards Amcor's future prospects might be cautious, given the alignment of the earnings with estimates and the revenue falling below expectations, suggesting possible hurdles for the stock moving forward.

01.10.2024 - AMCR Stock was down 6.4%

• The downtrend in AMCR today could be linked to investors' heightened expectations for the Q1 earnings compared to the actual results.
• Despite the projected benefits from increased volumes and price adjustments, other factors like rising operational expenses or lower revenue might have influenced the stock movement.
• Market sentiment seems to have shifted, possibly reflecting concerns about future growth or broader market conditions, prompting investors to sell AMCR shares.
• Some market participants might have been anticipating more substantial positive surprises in the earnings, leading to disillusionment and the bearish turn in the stock.

16.07.2024 - AMCR Stock was down 5.1%

• The bearish movement in AMCR stock today could be attributed to the mixed results in the fourth quarter of 2024, with sales missing analyst consensus despite modestly beating earnings.
• Analysts raising their forecasts after the earnings report may have sparked concerns about the company's ability to maintain growth amid tepid consumer demand.
• The market's response suggests that investors might be wary of Amcor's performance in fiscal 2025, particularly in light of the discrepancy between earnings and sales figures in the latest announcement.

01.10.2024 - AMCR Stock was down 9.1%

• AMCR's Q1 earnings met estimates, but with a 2.6% decrease in revenues year over year likely contributed to the bearish movement.
• The 1% unfavorable impact of foreign exchange and the pass-through of lower raw material costs might have raised concerns among investors.
• Despite expectations of earnings growth from increased volumes and price mix, the market reaction to the revenue decline seems to have overshadowed these positive aspects, leading to the bearish movement.

10.06.2023 - AMCR Stock was down 3.0%

• AMCR had a strong bearish movement today.
• The article does not provide any specific information about AMCR or the overall market.
• Therefore, it is difficult to pinpoint the exact cause of the bearish movement in AMCR.
• It is possible that there may be other factors, such as company-specific news or market sentiment, that influenced the bearish movement.

26.05.2023 - AMCR Stock was up 3.1%

• Despite having a negative year-to-date return, AMCR had a strong bullish movement today.
• The bullish movement could be attributed to the overall positive sentiment in the market.
• Analysts might be expecting a positive outlook for AMCR due to its recent strong performance.

26.05.2023 - AMCR Stock was up 3.1%

• Despite a drop of 14.78% year-to-date, AMCR had a strong bullish movement today.
• The recent per share price level of $10.15 indicates a market valuation of $14.83B.
• Analysts may have revised their expectations for the company, leading to the bullish movement.

26.05.2023 - AMCR Stock was down 0.3%

• AMCR's stock has dropped by 14.78% year-to-date, indicating a long-term bearish trend.
• The recent drop of 0.39% in the per-share price of AMCR's stock could be a result of the overall bearish trend.
• Analysts are expecting further bearish movement for AMCR's stock in the near future.

26.05.2023 - AMCR Stock was up 3.1%

• Despite a drop of 14.78% year-to-date, AMCR had a strong bullish movement today with a per share price level of $10.15.
• The recent trading session saw 7.13 million shares changing hands, indicating high market activity.
• Analysts may have revised their expectations for AMCR, which could have contributed to the bullish movement.

26.05.2023 - AMCR Stock was up 3.1%

• Despite a drop in AMCR's stock price by 14.78% year-to-date, the stock had a strong bullish movement today.
• The recent per share price level of $10.15 trading at -$0.04 or -0.39% at ring of the bell on the day assigns it a market valuation of $14.83B.
• The bullish movement could be attributed to positive news or developments within the company or the industry, which could have boosted investor confidence.

08.01.2024 - AMCR Stock was down 3.9%

• The bearish movement in AMCR's stock can be attributed to the following factors:
• 1. Weak Q2 Earnings: Amcor's fiscal second-quarter earnings fell below expectations, with a decrease in revenues compared to the previous year. This decline in earnings indicates a weakness in demand and customer destocking, which likely contributed to the bearish market movement.
• 2. Profit Retreat: Amcor reported a decrease in profit for the fourth quarter, further adding to the negative sentiment surrounding the stock. The decline in profitability could have influenced investors to sell their holdings, leading to the bearish movement.
• 3. Impact of Consumer Spending and Destocking: Amcor's second-quarter results were expected to reflect the impacts of muted consumer spending and destocking on its volumes and costs. These factors could have contributed to the bearish market movement as investors may have perceived potential challenges for the company in the near term.
• Overall, the bearish movement in AMCR's stock today can be attributed to weak earnings, a decline in profitability, and concerns about consumer spending and destocking.

01.06.2024 - AMCR Stock was down 1.4%

• Market Movement: Bearish
• The focus on high-yielding Dividend Aristocrats may have shifted investor attention away from growth stocks like AMCR, leading to a bearish movement.
• Investors seeking passive income through dividend stocks may have reallocated their investments, causing a decline in demand for growth-oriented companies like Amcor Plc.
• The market sentiment favoring income-generating assets during the summer season could have contributed to the bearish movement in AMCR as investors repositioned their portfolios towards dividend-paying stocks.