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

Ball

26/04/2024 16:43

* Ball Corp  BALL.N  reported quarterly adjusted earnings of
68
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 69
cents.  The mean expectation of sixteen analysts for the quarter
was for earnings of 56 cents per share. Wall Street expected
results to range from 50 cents to 65 cents per share.
    * Revenue fell 17.6% to $2.87 billion from a year ago;
analysts
expected $3.23 billion. 
    * Ball Corp's reported EPS for the quarter was $11.61​.
    * The company reported quarterly net income of $3.69
billion.
    * Ball Corp shares had fallen by 2.8% this quarter and
gained 13.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18.2%
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 6 "strong buy" or "buy," 10
"hold" and 1 "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
$69.00 
This summary was machine generated from LSEG data April 26 at
03:43 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
 Mar. 31 2024      0.56           0.68           Beat
 Dec. 31 2023      0.74           0.78           Beat
 Sep. 30 2023      0.81           0.83           Beat
 Jun. 30 2023      0.62           0.61           Missed