Analyst Consensus ?
ConsensusHold14 ratings
Bullish857.1%
Neutral535.7%
Bearish17.2%
Amcor plc · AMCR · FY2026 Q4 · Calendar Q3 2026
Amcor maintains transition outlook as synergies run ahead of plan
The current analysis supports a constructive but conditional view: synergy capture and integration benefits are supporting earnings, while working-capital recovery, leverage reduction, volume growth and cost pass-through remain important evidence to monitor.
Reported Before market openNYSEConsumer Cyclical
$19.37B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.23
Consensus $1.19
EPS surprise
+3.4%
Reported versus consensus
Reported revenue
$6.40B
Consensus $6.05B
Revenue surprise
+5.7%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-1.8%
Event window
SPY move
+0.3%
Same window
Abnormal move
-2.0%
Stock minus SPY
Volume
1.5×
Versus trailing sessions
Subsequent drift
-7.6%
Up to 20 sessions
AMCRSPY benchmark
Ask FN2 about AMCR FY2026 Q4
Transcript, numbers and history already loaded
Why did AMCR fall 1.8% after beating EPS estimates in FY2026 Q4?What changed in AMCR's guidance and outlook in FY2026 Q4?Give me the bull and bear case for AMCR after FY2026 Q4 earnings.
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Transcript intelligence
What changed
Synergy capture reached $285 million for FY2026, including $115 million in Q4, and management identified a $500 million working-capital impact expected to be recovered over the next 12 months. The transition-period outlook was maintained, and the quarterly dividend was raised to $0.65 per share.
Guidance delta
Management maintained guidance for the six-month transition period at adjusted EPS of $1.80-$1.90 and targeted double-digit EPS growth in calendar 2027.
Key takeaways
- Adjusted EPS rose 23% year over year in Q4 and 13% for FY2026.
- FY2026 synergy capture reached $285 million, ahead of the original target.
- Management expects to recover a $500 million working-capital impact over the next 12 months.
- Leverage was 3.5x, with a target of roughly 3x by year-end 2027.
Management priorities
- Deliver the $650 million three-year synergy target by 2027
- Reduce leverage to approximately 3x by year-end 2027
- Expand higher-margin categories and cross-selling opportunities
- Invest in innovation and sustainability
- Maintain dividend growth and an investment-grade balance sheet
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$42.34Current
$43Low
$52.78Average
$82.5High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 21, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Neutral | Overweight | Downgrade | Aug 17, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Aug 14, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 14, 2026 |
| Jefferies | Hold | Buy | Downgrade | Jul 22, 2026 |
| BMO Capital | Market Perform | Outperform | Downgrade | Jul 17, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jul 14, 2026 |
| Truist Securities | Buy | Buy | Maintain | May 7, 2026 |
| Deutsche Bank | Buy | Hold | Upgrade | Apr 1, 2026 |
| Baird | Outperform | Neutral | Upgrade | Jan 7, 2026 |
| UBS | Buy | Neutral | Upgrade | Jun 26, 2025 |
| Macquarie | Outperform | Neutral | Upgrade | Nov 27, 2024 |
| Goldman Sachs | Sell | Sell | Maintain | May 3, 2023 |
| CLSA | Buy | Buy | Maintain | Jul 19, 2022 |
| Seaport Global | Neutral | Neutral | Maintain | Oct 14, 2020 |
Named analyst price targets
Upside is calculated against the persisted current price $42.34. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Truist Financial | Michael Roxland | $51 | $46.2 | +20.5% | Aug 18, 2026 |
| UBS | Nathan Reilly | $56 | $47.11 | +32.3% | Aug 11, 2026 |
| Jefferies | Ramoun Lazar | $44.92 | $43.44 | +6.1% | Jul 21, 2026 |
| BMO Capital | Analyst unavailable | $47 | $44.84 | +11.0% | Jul 16, 2026 |
| Wells Fargo | Analyst unavailable | $43 | $42.78 | +1.6% | Jul 15, 2026 |
| Wells Fargo | Analyst unavailable | $41 | $36.69 | -3.2% | May 20, 2026 |
| Truist Financial | Michael Roxland | $50 | $40.74 | +18.1% | Apr 15, 2026 |
| Robert W. Baird | Analyst unavailable | $54 | $44.92 | +27.5% | Feb 4, 2026 |
| Morgan Stanley | Joseph Michael | $46 | $44.2 | +8.6% | Jan 28, 2026 |
| Robert W. Baird | Ghansham Panjabi | $50 | $42.85 | +18.1% | Jan 7, 2026 |
| Truist Financial | Michael Roxland | $60 | $42.3 | +41.7% | Jan 6, 2026 |
| Morgan Stanley | Joseph Michael | $57.5 | $42.3 | +35.8% | Nov 12, 2025 |
| Wells Fargo | Analyst unavailable | $45 | $40.5 | +6.3% | Oct 15, 2025 |
| Stifel Nicolaus | Analyst unavailable | $51 | $39.72 | +20.5% | Oct 10, 2025 |
| Goldman Sachs | Analyst unavailable | $82.5 | $41.15 | +94.9% | Sep 10, 2025 |
| Truist Financial | Michael Roxland | $55 | $48.3 | +29.9% | Jul 11, 2025 |
| Wells Fargo | Gabe Hajde | $54 | $56.7 | +27.5% | Oct 15, 2024 |
| Stifel Nicolaus | Lars Kjellberg | $54 | $48.15 | +27.5% | Jul 9, 2024 |
| Wells Fargo | Gabe Hajde | $49 | $49.05 | +15.7% | Jun 28, 2024 |
Track every rating change on AMCR the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationAmcor plc stands as a prominent global provider of packaging solutions, focusing on the creation, production, and distribution of its diverse product portfolio across Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company's operations are divided into two main segments: Flexibles and Rigid Packaging. The Flexibles division specializes in offering advanced flexible and film packaging solutions, catering to a wide array of industries including food and beverages, medical and pharmaceutical sectors, fresh produce, snack foods, and personal care items.…
Historical context
All AMCR earningsConsumer Cyclical peers this season
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Latest beats and misses
Who reports nextBeat on EPS
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
- CASYFY2027 Q1 · September 8, 2026+8.7% EPS-14.2% move
Get the AMCR recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-08-12T19:15:39.053307+00:00
- FN2 earnings calendar · 2026-09-17T01:23:13.296768+00:00
- Polygon adjusted daily market bars · 2026-09-21T17:30:54.880110+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-21T17:30:54.876047+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated . For educational purposes only; not investment advice.