ACCO Brands Corp reports results for the quarter ended December 31 - Earnings Summary

• ACCO Brands Corp ACCO.N reported quarterly adjusted earnings of 39 cents​​ per share for the quarter ended December 31, identical to the same quarter last year. The mean expectation of three analysts for the quarter was for earnings of 41 cents per share. Wall Street expected results to range from 40 cents to 42 cents per share.

• Revenue fell 8.3% to $448.10 million from a year ago; analysts expected $455.07 million.

• ACCO Brands Corp's reported EPS for the quarter was 21 cents​.

• The company reported quarterly net income of $20.6 million.

• ACCO Brands Corp shares had risen by 5.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the business support supplies peer group is "buy."

Wall Street's median 12-month price target for ACCO Brands Corp is $12.00

This summary was machine generated from LSEG data February 21 at 05:01 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)