Posted 4/8/2024, 3:40:20 PM
Amcor's High P/E Ratio Signals Growth Expectations Despite Recent Earnings Retreat
- Amcor's current P/E ratio of 20.8x signals potential issues; almost half of US companies have P/E under 17x
- Amcor's earnings have retreated faster than the overall market recently
- Analysts expect Amcor's earnings to grow 18% per year over the next 3 years, outpacing market growth
- Investors seem confident in Amcor's future growth potential, supporting the higher P/E ratio
- Amcor's growth prospects don't seem to be fully reflected in recent lackluster earnings results