Ardagh Metal Packaging S.A. (AMBP) Lags Q2 Earnings and Revenue Estimates

Company Performance - Ardagh Metal Packaging S.A. reported quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of$0.07 per share, but showing an increase from $0.04 per share a year ago, representing an earnings surprise of -14.29$1.26 billion for the quarter ended June 2024, which also missed the Zacks Consensus Estimate by 4.77%, remaining unchanged from year-ago revenues [1] - Over the last four quarters, the company has not surpassed consensus EPS estimates, although it has topped consensus revenue estimates twice [1] Future Outlook - The current consensus EPS estimate for the coming quarter is $0.08 on revenues of$1.35 billion, and for the current fiscal year, it is $0.21 on revenues of$4.99 billion [4] - The estimate revisions trend for Ardagh Metal Packaging is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [4] Industry Context - The Metal Products - Procurement and Fabrication industry, to which Ardagh belongs, is currently in the top 32% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [5] - Timken, another company in the same industry, is expected to report quarterly earnings of $1.60 per share, reflecting a year-over-year decline of 20.4$1.18 billion, down 7.3% from the previous year [5][6]