Amcor plc (AMCR) earnings on August 12, 2026

Before the market opens Q2 2026

More Amcor plc earnings

Prior outlook: No statistical edge

Amcor reported fourth-quarter results that beat analyst expectations. Despite this, the stock gave up early gains and closed 1.77% lower.

AMCR price around the earnings

46.56

Change: -1.8%

2026-08-12, 20:00 UTC

Start of the measured window End of the measured window
45.95 46.61 47.28 47.94 47.40
Price series around the eventClosing price per minute from before the event to the end of the measured window.
August 12, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: No statistical edge

Thesis published
Results released

Mixed contexts, no clear direction

The stock has strong recent trend strength and a good earnings beat rate, but analysts see only minimal upside and some have downgraded it. The neutral scenario is driven by the technical structure, which is positive but offset by cautious sentiment.

Context analyzed before publication

Summary
Mixed contexts, no clear direction
Playbook
The stock is outperforming the market with strong recent gains, but the average price target implies only a small upside. Recent downgrades and a low average earnings surprise suggest limited enthusiasm.
Trend
Analyst outlook weakening over recent days

Analysts

Drivers

  • Analysts Negative

    The average price target implies only +2.0% upside, and one major bank downgraded the stock to 'hold'.

Evidence

Analyst consensus
Buy
Consensus average (1-5)
2.08
Analysts covering the stock
11
Average price target
48.36
Lowest price target
42
Highest price target
60
Upside to price target
2%
Quarterly earnings growth
41.8%
Revenue growth
77.4%
Forward EPS
4.28
Trailing EPS
1.25
Analyst moves in the last 60 days
5
  • Strong buy: 2
  • Buy: 5
  • Hold: 6
  • Sell: 0
  • Strong sell: 0
Strong buy
2
Buy
5
Hold
6
Sell
0
Strong sell
0
  • August 11, 2026 · UBS: Initiates coverage (Buy)
  • July 22, 2026 · Jefferies: Downgrades rating (Buy → Hold)
  • July 17, 2026 · BMO Capital: Initiates coverage (Outperform → Market Perform)
  • July 15, 2026 · Wells Fargo: Maintains rating (Equal-Weight → Equal-Weight)
  • July 14, 2026 · B of A Securities: Maintains rating (Buy → Buy)

News and sentiment

Drivers

  • News & sentiment Negative

    There is no earnings-specific news, only generic mentions, and no clear catalyst.

Evidence

Sentiment
Sentiment
Constructive
Mention volume
High
Normalized volume
99%
News
Sources (6)

Technicals

Drivers

  • Technical Positive

    The stock has risen 1.43% over two weeks and 9.71% over a month, outperforming the S&P 500 by +7.65%.

Evidence

Price when the context was analyzed
47.38
Average true range (ATR)
2.3%
Distance to 52-week high
-4.1%
14-day change (14d)
+1.4%
30-day change (32d)
+9.7%
30-day relative strength
+7.7%
SPY change (32d)
+2.1%
Nearest support
47.24
Distance to nearest support
0.3%
Nearest resistance
47.43
Distance to nearest resistance
0.1%
Volume accumulation ratio (14d / 46d)
1.08
  • Mid: 47.24 (0.3% away, 0.13 ATR, 24 touches)
  • Major: 46.95 (0.9% away, 0.4 ATR, 40 touches)
  • Mid: 46.61 (1.6% away, 0.7 ATR, 19 touches)
  • Major: 47.43 (0.1% away, 0.05 ATR, 22 touches)
  • Major: 47.68 (0.6% away, 0.27 ATR, 23 touches)
  • Major: 47.88 (1.1% away, 0.46 ATR, 28 touches)

Trends

Evidence

Average earnings surprise
+0.2%
  • May 6, 2026: actual EPS 0.96 vs estimate 0.95 (surprise +0.6%)
  • February 3, 2026: actual EPS 0.86 vs estimate 0.84 (surprise +2.5%)
  • November 5, 2025: actual EPS 0.97 vs estimate 0.92 (surprise +4.9%)
  • August 14, 2025: actual EPS 1 vs estimate 1.08 (surprise -7.2%)

Expected move

Drivers

  • Past earnings Positive

    The company has beaten earnings 75% of the time, though the average surprise is only +0.2%.

Implied move
+2.8%
Source
Options chain

Reactions over its last 20 earnings

Median move
4.5%
75th percentile move
7.9%
90th percentile move
9.7%
Up / down moves
10 / 10
Average up move
+4.7%
Average down move
-5.0%

Monitoring and close

What Amcor plc reported

Status
Finished
Actual EPS1.23
EPS estimate1.19
EPS surprise+3.4%
Revenue$6,400 million
Revenue estimate$6,050 million
Revenue surprise+5.8%

Amcor reported fourth-quarter adjusted earnings of $1.23 per share, up 23% year-over-year, driven by Berry Global acquisition synergies and cost management.

Sources (13)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, results beat expectations on both earnings and revenue, and the price is indicating -2.0% pre-market, a move below the stock's usual reaction (about 4%). The figures don't confirm the prior scenario: there was no prior directional scenario to check against.

How the stock reacted

Consolidated
-1.8%
Max move
-3.2%

No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.