Amcor Facing Earnings Squeeze From Rising Resin Prices -- Market Talk

Dow Jones04-17

Jefferies cuts its estimates for packaging company Amcor for the second time in a month, citing a 20% on-year rise in resin prices. "We expect costs to impact 4Q26 given typical lags," analyst Ramoun Lazar says. Its EPS forecast for the June quarter falls by 2%. That means its FY26 adjusted EPS view is now US$3.94/share, below Amcor's guidance of US$4.00-US$4.15/share. "We also cut FY27 estimates by 4% to reflect a more cautious outlook for consumer trends and overhang from higher input costs," Jefferies says. "Stock is already pricing both cost and top-line risks, and is -20% versus S&P 500 since the Mid-East conflict." It retains a buy call on Amcor while lowering its price target by 4.6% to A$71.83/share. Amcor ended Thursday at A$55.84. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

April 16, 2026 19:22 ET (23:22 GMT)

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Its EPS forecast for the June quarter falls by 2%. That means its FY26 adjusted EPS view is now US$3.94/share, below Amcor's guidance of US$4.00-US$4.15/share. \"We also cut FY27 estimates by 4% to reflect a more cautious outlook for consumer trends and overhang from higher input costs,\" Jefferies says. \"Stock is already pricing both cost and top-line risks, and is -20% versus S&amp;P 500 since the Mid-East conflict.\" It retains a buy call on Amcor while lowering its price target by 4.6% to A$71.83/share. Amcor ended Thursday at A$55.84. 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