ACCO(ACCO) ZACKS·2024-08-01 23:11Core Viewpoint - Acco Brands reported quarterly earnings of 0.31 per share, but down from 0.37 per share represent an earnings surprise of 19.35% [1] - Revenues for the quarter ended June 2024 were 493.6 million year-over-year [1] - Over the last four quarters, the company has surpassed consensus EPS estimates four times but has topped revenue estimates only once [1] Stock Performance and Outlook - Acco shares have declined approximately 16% since the beginning of the year, contrasting with the S&P 500's gain of 15.8% [2] - The current consensus EPS estimate for the upcoming quarter is 431.63 million, and for the current fiscal year, it is 1.72 billion [4] Industry Context - The Office Supplies industry, to which Acco belongs, is currently ranked in the bottom 8% of over 250 Zacks industries, indicating a challenging environment [5] - The performance of Acco's stock may be influenced by the overall outlook of the industry, as top-ranked industries tend to outperform the bottom half significantly [5]