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The Zacks Consensus Estimate for BALL’s second-quarter revenues is pegged at $3.07 billion, indicating a 14% fall from the year-ago reported figure.
The consensus estimate for earnings is pegged at 73 cents per share. The Zacks Consensus Estimate for BALL’s second-quarter earnings has been unchanged in the past 60 days. The estimate indicates year-over-year growth of 19.7%.
Image Source: Zacks Investment Research
Solid Earnings Surprise History
Ball Corp’s earnings beat the Zacks Consensus Estimates in the trailing four quarters, the average surprise being 6.8%.
Image Source: Zacks Investment Research
What the Zacks Model Unveils
Our model does not predict an earnings beat for Ball Corp this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here, as you can see below.
You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Earnings ESP: Ball Corp has an Earnings ESP of +0.96%.
Zacks Rank: BALL currently carries a Zacks Rank of 4 (Sell).
Factors Likely to Have Shaped Q2 Performance
Ball Corp has lately been witnessing weaker-than-expected demand, as customer spending has been muted amid higher retail prices, particularly in the United States. This is likely to get reflected in the company’s second-quarter results. High input and labor costs due to supply constraints are anticipated to have impacted the company’s performance in the quarter.
However, BALL has been focused on improving its efficiency and reducing costs, which is likely to have negated these impacts and aided margins in the to-be-reported quarter.
Our estimate for the Beverage packaging, North and Central America segment’s net sales is pegged at $1.51 billion for the June-end quarter, indicating a 2% year-over-year fall. We expect the segment’s volume to decrease 1.1% year over year in the quarter due to lower demand.
However, the segment’s operating income is estimated at $208 million, suggesting growth of 18.7% from the year-ago quarter’s actual, backed by the execution of strategic initiatives.
Our model predicts the Beverage Packaging, Europe segment’s sales to be $931 million for the to-be-reported quarter, indicating a 1.2% rise from the year-ago quarter’s reported figure. We expect volume growth of 4.3% for this segment. The focus on reducing costs is likely to have partially negated some headwinds. The segment’s operating income is projected at $99 million, suggesting 0.8% year-over-year growth.
We expect the Beverage Packaging, South America segment’s net sales to be $409 million, suggesting 1.1% growth from the year-ago period’s reported level. The consensus estimate for the segment’s operating income is pegged at $59 million, suggesting 95.2% growth from the year-ago quarter’s reported level. Our model predicts a volume increase of 6.4% for the segment.
Price Performance
Shares of Ball Corp have gained 9.2% in the past year compared with the industry's 4.5% growth.
Image Source: Zacks Investment Research
Stocks to Consider
Here are some companies with the right combination of elements to post an earnings beat in their upcoming releases.
The Zacks Consensus Estimate for EMR’s third-quarter earnings is pegged at $1.42 per share, suggesting year-over-year growth of 10.1%. It has a trailing four-quarter average surprise of 10.7%.
Donaldson Company, Inc. (DCI - Free Report) , scheduled to release its fourth-quarter fiscal 2024 soon, has an Earnings ESP of +0.81% and a Zacks Rank of 2.
The Zacks Consensus Estimate for Donaldson’s fourth-quarter fiscal 2024 earnings is pegged at 88 cents per share, indicating year-over-year growth of 12.8%. It has a trailing four-quarter average surprise of 6.2%.
Atkore Inc. (ATKR - Free Report) is scheduled to release its third-quarter fiscal 2024 results on Aug 6. It has an Earnings ESP of +0.62% and a Zacks Rank #3 at present.
The Zacks Consensus Estimate for ATKR’s third-quarter earnings is pegged at $4.03 per share, suggesting a year-over-year fall of 29.6%. It has a trailing four-quarter average surprise of 15.4%.
Image: Bigstock
Will Weak Demand Hurt Ball Corp's (BALL) Results in Q2?
Ball Corporation (BALL - Free Report) is scheduled to report second-quarter 2024 results on Aug 1, before the opening bell.
The Zacks Consensus Estimate for BALL’s second-quarter revenues is pegged at $3.07 billion, indicating a 14% fall from the year-ago reported figure.
The consensus estimate for earnings is pegged at 73 cents per share. The Zacks Consensus Estimate for BALL’s second-quarter earnings has been unchanged in the past 60 days. The estimate indicates year-over-year growth of 19.7%.
Image Source: Zacks Investment Research
Solid Earnings Surprise History
Ball Corp’s earnings beat the Zacks Consensus Estimates in the trailing four quarters, the average surprise being 6.8%.
Image Source: Zacks Investment Research
What the Zacks Model Unveils
Our model does not predict an earnings beat for Ball Corp this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here, as you can see below.
You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Earnings ESP: Ball Corp has an Earnings ESP of +0.96%.
Zacks Rank: BALL currently carries a Zacks Rank of 4 (Sell).
Factors Likely to Have Shaped Q2 Performance
Ball Corp has lately been witnessing weaker-than-expected demand, as customer spending has been muted amid higher retail prices, particularly in the United States. This is likely to get reflected in the company’s second-quarter results. High input and labor costs due to supply constraints are anticipated to have impacted the company’s performance in the quarter.
However, BALL has been focused on improving its efficiency and reducing costs, which is likely to have negated these impacts and aided margins in the to-be-reported quarter.
Our estimate for the Beverage packaging, North and Central America segment’s net sales is pegged at $1.51 billion for the June-end quarter, indicating a 2% year-over-year fall. We expect the segment’s volume to decrease 1.1% year over year in the quarter due to lower demand.
However, the segment’s operating income is estimated at $208 million, suggesting growth of 18.7% from the year-ago quarter’s actual, backed by the execution of strategic initiatives.
Our model predicts the Beverage Packaging, Europe segment’s sales to be $931 million for the to-be-reported quarter, indicating a 1.2% rise from the year-ago quarter’s reported figure. We expect volume growth of 4.3% for this segment. The focus on reducing costs is likely to have partially negated some headwinds. The segment’s operating income is projected at $99 million, suggesting 0.8% year-over-year growth.
We expect the Beverage Packaging, South America segment’s net sales to be $409 million, suggesting 1.1% growth from the year-ago period’s reported level. The consensus estimate for the segment’s operating income is pegged at $59 million, suggesting 95.2% growth from the year-ago quarter’s reported level. Our model predicts a volume increase of 6.4% for the segment.
Price Performance
Shares of Ball Corp have gained 9.2% in the past year compared with the industry's 4.5% growth.
Image Source: Zacks Investment Research
Stocks to Consider
Here are some companies with the right combination of elements to post an earnings beat in their upcoming releases.
Emerson Electric Co. (EMR - Free Report) is scheduled to release its third-quarter fiscal 2024 results on Aug 7. It has an Earnings ESP of +1.12% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for EMR’s third-quarter earnings is pegged at $1.42 per share, suggesting year-over-year growth of 10.1%. It has a trailing four-quarter average surprise of 10.7%.
Donaldson Company, Inc. (DCI - Free Report) , scheduled to release its fourth-quarter fiscal 2024 soon, has an Earnings ESP of +0.81% and a Zacks Rank of 2.
The Zacks Consensus Estimate for Donaldson’s fourth-quarter fiscal 2024 earnings is pegged at 88 cents per share, indicating year-over-year growth of 12.8%. It has a trailing four-quarter average surprise of 6.2%.
Atkore Inc. (ATKR - Free Report) is scheduled to release its third-quarter fiscal 2024 results on Aug 6. It has an Earnings ESP of +0.62% and a Zacks Rank #3 at present.
The Zacks Consensus Estimate for ATKR’s third-quarter earnings is pegged at $4.03 per share, suggesting a year-over-year fall of 29.6%. It has a trailing four-quarter average surprise of 15.4%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.