Ball Corp reports results for the quarter ended in September 30 - Earnings Summary

Ball

01/11/2024 03:01

* Ball Corp  BALL.N  reported quarterly adjusted earnings of
91
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 83 cents.  The mean expectation of fifteen analysts for the
quarter was for earnings of 85 cents per share. Wall Street
expected results to range from 74 cents to 91 cents per share.
    * Revenue fell 13.7% to $3.08 billion from a year ago;
analysts
expected $3.13 billion. 
    * Ball Corp's reported EPS for the quarter was 65 cents​.
    * The company reported quarterly net income of $197 million.
    * Ball Corp shares had fallen by 5.5% this quarter and
gained 11.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the non-paper
containers & packaging peer group is also "buy"

Wall Street's median 12-month price target for Ball Corp is
71.00 
This summary was machine generated from LSEG data November 1 at
03:00 a.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
 Sep. 30 2024      0.85           0.91           Beat
 Jun. 30 2024      0.70           0.74           Beat
 Mar. 31 2024      0.56           0.68           Beat
 Dec. 31 2023      0.74           0.78           Beat