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Compared to Estimates, Ball (BALL) Q3 Earnings: A Look at Key Metrics
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For the quarter ended September 2023, Ball (BALL - Free Report) reported revenue of $3.57 billion, down 9.6% over the same period last year. EPS came in at $0.83, compared to $0.75 in the year-ago quarter.
The reported revenue represents a surprise of -7.96% over the Zacks Consensus Estimate of $3.88 billion. With the consensus EPS estimate being $0.82, the EPS surprise was +1.22%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ball performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Other: $179 million versus $174.57 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1.1% change.
Net Sales- Beverage packaging, North and Central America: $1.54 billion versus $1.68 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -14.4% change.
Net Sales- Beverage packaging, EMEA: $902 million versus the three-analyst average estimate of $1 billion. The reported number represents a year-over-year change of -12.5%.
Net Sales- Beverage packaging, South America: $489 million versus $468.25 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +4.9% change.
Net Sales- Aerospace: $460 million versus $495.16 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3.6% change.
Comparable operating earnings- Beverage packaging, North and Central America: $196 million compared to the $195.22 million average estimate based on three analysts.
Comparable operating earnings- Aerospace: $46 million compared to the $54.06 million average estimate based on three analysts.
Comparable operating earnings- Beverage packaging, EMEA: $103 million versus $102.91 million estimated by three analysts on average.
Comparable operating earnings- Beverage packaging, South America: $61 million versus the three-analyst average estimate of $61.13 million.
Shares of Ball have returned -3.5% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, Ball (BALL) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, Ball (BALL - Free Report) reported revenue of $3.57 billion, down 9.6% over the same period last year. EPS came in at $0.83, compared to $0.75 in the year-ago quarter.
The reported revenue represents a surprise of -7.96% over the Zacks Consensus Estimate of $3.88 billion. With the consensus EPS estimate being $0.82, the EPS surprise was +1.22%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ball performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Other: $179 million versus $174.57 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1.1% change.
- Net Sales- Beverage packaging, North and Central America: $1.54 billion versus $1.68 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -14.4% change.
- Net Sales- Beverage packaging, EMEA: $902 million versus the three-analyst average estimate of $1 billion. The reported number represents a year-over-year change of -12.5%.
- Net Sales- Beverage packaging, South America: $489 million versus $468.25 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +4.9% change.
- Net Sales- Aerospace: $460 million versus $495.16 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3.6% change.
- Comparable operating earnings- Beverage packaging, North and Central America: $196 million compared to the $195.22 million average estimate based on three analysts.
- Comparable operating earnings- Aerospace: $46 million compared to the $54.06 million average estimate based on three analysts.
- Comparable operating earnings- Beverage packaging, EMEA: $103 million versus $102.91 million estimated by three analysts on average.
- Comparable operating earnings- Beverage packaging, South America: $61 million versus the three-analyst average estimate of $61.13 million.
View all Key Company Metrics for Ball here>>>Shares of Ball have returned -3.5% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.