Amcor Plc AMCR is scheduled to report first-quarter fiscal 2022 results on Nov 2, after the closing bell.Q1 EstimatesThe Zacks Consensus Estimate for the fiscal first-quarter revenues is pegged at $3.28 billion, indicating growth of 5.8% from the prior-year quarter. The consensus mark for quarterly earnings currently stands at 18 cents, suggesting an improvement of 12.5% from the year-ago quarter. The estimate has remained unchanged over the past 30 days.Q4 PerformanceAmcor’s fourth-quarter fiscal 2021 earnings and revenues improved year over year and beat the respective Zacks Consensus Estimate. The company has a trailing four-quarter earnings surprise of 2.9%, on average.Amcor PLC Price and EPS Surprise Amcor PLC price-eps-surprise | Amcor PLC QuoteKey Factors to NoteAmcor’s sales have been benefiting from the stay-at-home trend due to the pandemic and the trend is likely to have continued in the third quarter. Both the Rigid Packaging and Flexible Packaging segments have been performing well through a combination of organic growth and disciplined cost control. The Flexibles segment has been consistently witnessing solid growth across a broad range of end markets, including higher-value end markets like protein, coffee, cheese and pet food. The Rigid packaging segment has been seeing strong consumer demand.In North America, beverage volumes and hot fill container volumes have been gaining on robust consumer demand reflecting higher-at-home consumption of packaged beverages. Brand extensions, and the introduction of new health and wellness oriented products in PET containers have been contributing to growth as well. Specialty container volumes have been gaining from growth in certain categories including spirits, personal care and home cleaning. These factors might get reflected in Amcor’s first-quarter fiscal 2022 top line. The same may have helped the Flexibles segment negate the impact of lower volumes from certain healthcare end markets. Fewer elective surgeries and lower prescription trends on account of the COVID-19 pandemic may have weighed on volumes.Amcor’s acquisition of Bemis Company in June 2019 expanded its global footprint, opened up new attractive end markets and customers for the company’s products, and greater economies of scale, thus driving efficiencies and higher margins. The integration has been essentially completed and the company has realized cost synergies of $75 million in fiscal 2021. Amcor expects to exceed the original target of $180 million by the end of fiscal 2022 by at least 10%. These synergies might have favored the to-be-reported quarter’s margin performance. This benefit may, however, be offset by higher raw material, labor and transportation costs in the quarter to be reported. Further, supply chain headwinds might have marred its quarterly performance.What the Zacks Model IndicatesOur proven model doesn’t conclusively predict an earnings beat for Amcor this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Earnings ESP: The Earnings ESP for Amcor is 0.00%.Zacks Rank: The company currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.Price PerformanceImage Source: Zacks Investment ResearchOver the past six months, shares of Amcor have gained 3.4% against the industry’s decline of 0.1%.Stocks Poised to Beat Earnings EstimatesHere are some stocks, which you may consider as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases.Tetra Tech, Inc. TTEK has a Zacks Rank #2 and an Earnings ESP of +0.50%, at present.Idex Corporation IEX has an Earnings ESP of +0.26% and a Zacks Rank of 3, currently.MRC Global Inc. MRC, a Zacks #3 Ranked stock, has an Earnings ESP of +2.94%. Tech IPOs With Massive Profit Potential: Last years top IPOs surged as much as 299% within the first two months. With record amounts of cash flooding into IPOs and a record-setting stock market, this year could be even more lucrative. See Zacks’ Hottest Tech IPOs Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amcor PLC (AMCR): Free Stock Analysis Report Tetra Tech, Inc. (TTEK): Free Stock Analysis Report IDEX Corporation (IEX): Free Stock Analysis Report MRC Global Inc. (MRC): Free Stock Analysis Report To read this article on Zacks.com click here.