Ball Corp reports results for the quarter ended in December - Earnings Summary

Ball

01/02/2024 14:31

* Ball Corp  BALL.N  reported quarterly adjusted earnings of
78
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 44
cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 74 cents per share. Wall Street
expected results to range from 63 cents to 81 cents per share.
    * Revenue fell 4.1% to $3.40 billion from a year ago;
analysts
expected $3.58 billion. 
    * Ball Corp's reported EPS for the quarter was 49 cents​.
    * The company reported quarterly net income of $154 million.
    * Ball Corp shares had fallen by 3.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.8%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 7
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the non-paper
containers & packaging peer group is also "hold"

Wall Street's median 12-month price target for Ball Corp is
$59.00 
This summary was machine generated from LSEG data February 1 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.74           0.78           Beat
 Sep. 30 2023      0.81           0.83           Beat
 Jun. 30 2023      0.62           0.61           Missed
 Mar. 31 2023      0.50           0.69           Beat