12:35 PM EDT, 07/16/2024 (MT Newswires) -- CCL Industries reports second quarter results on August 8.

National Bank has tweaked second quarter estimates higher (revs +2%, EBITDA +4%) to "better reflect ongoing momentum" across segments.

Analyst Ahmed Abdullah sees revenue of $1,763 million (was $1,734 million), Adj. EBITDA $360 million (was $345 million) and Adj. EPS $1.02 (was $0.96). CCL has been active with its latest NCIB (which ends May 24 next year) as it bought back 566K shares for an average price of $71.85 (total spend ~$41 million).

"We still see upside for CCL as strong fundamentals continue to drive results."

Maintain Outperform, $84 target.

Price: 72.68, Change: +0.81, Percent Change: +1.13