Ball Corporation is one of the world’s leading suppliers of metal packaging to the beverage, food, personal care and household products industries. It also supplies aerospace and other technologies and services to government and commercial customers.
Ball Corporation will gain from Rexam acquisition which will help to simplify and streamline its business and is deliver over $300 million in synergies by the end of 2019. Its integration and transformation plans are anticipated will drive growth. However, Ball Corporation expects overall can demand to remain relatively flat in 2017. Further, prolonged weakness at the end-market level for carbonated drinks, beer and food are likely to affect the company’s performance. Further, escalating expenses and dismal European economy is likely to hurt the company’s growth.
Let’s have a quick look at the first-quarter 2017 earnings release of the company.
Estimate Trend & Surprise History
The investors should note that the earnings estimate for Ball Corporation for the first quarter has moved south over the past month. The Zacks Consensus Estimate is currently pegged at 69 cents, moving 2.8% down over the said timeframe.
Coming to earnings surprise history, Ball Corporation beat the Zacks Consensus Estimate in 3 out of the trailing 4 quarters with an average negative earnings surprise of around 0.73%.
Earnings
Ball Corporation delivered adjusted earnings of 76 cents per share in the first-quarter 2017. Earnings beat the Zacks Consensus Estimate of 69 cents.
Revenue
Ball Corporation beat revenues in the first quarter. Ball Corporation posted revenues of $2.473 billion, which marginally surpassed the Zacks Consensus Estimate for revenues of $2.445 billion.
Key Stats
Ball Corporation reaffirmed its long-term financial goals. The company expects 2017 free cash flow will be in the range of $750 million to $850 million and capital spending of approximately $500 million.
Zacks Rank
Currently, Ball Corporation has a Zacks Rank #4 (Sell), but that could change following Ball Corporation’s earnings report which was just released.
Market Reaction
Ball Corporation’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this Ball Corporation’s earnings report later!
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Ball Corp (BLL) Beats Q1 Earnings and Revenue Estimates
Ball Corporation is one of the world’s leading suppliers of metal packaging to the beverage, food, personal care and household products industries. It also supplies aerospace and other technologies and services to government and commercial customers.
Ball Corporation will gain from Rexam acquisition which will help to simplify and streamline its business and is deliver over $300 million in synergies by the end of 2019. Its integration and transformation plans are anticipated will drive growth. However, Ball Corporation expects overall can demand to remain relatively flat in 2017. Further, prolonged weakness at the end-market level for carbonated drinks, beer and food are likely to affect the company’s performance. Further, escalating expenses and dismal European economy is likely to hurt the company’s growth.
Let’s have a quick look at the first-quarter 2017 earnings release of the company.
Estimate Trend & Surprise History
The investors should note that the earnings estimate for Ball Corporation for the first quarter has moved south over the past month. The Zacks Consensus Estimate is currently pegged at 69 cents, moving 2.8% down over the said timeframe.
Coming to earnings surprise history, Ball Corporation beat the Zacks Consensus Estimate in 3 out of the trailing 4 quarters with an average negative earnings surprise of around 0.73%.
Ball Corporation Price and EPS Surprise
Ball Corporation Price and EPS Surprise | Ball Corporation Quote
Earnings
Ball Corporation delivered adjusted earnings of 76 cents per share in the first-quarter 2017. Earnings beat the Zacks Consensus Estimate of 69 cents.
Revenue
Ball Corporation beat revenues in the first quarter. Ball Corporation posted revenues of $2.473 billion, which marginally surpassed the Zacks Consensus Estimate for revenues of $2.445 billion.
Key Stats
Ball Corporation reaffirmed its long-term financial goals. The company expects 2017 free cash flow will be in the range of $750 million to $850 million and capital spending of approximately $500 million.
Zacks Rank
Currently, Ball Corporation has a Zacks Rank #4 (Sell), but that could change following Ball Corporation’s earnings report which was just released.
Market Reaction
Ball Corporation’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this Ball Corporation’s earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>