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Ardagh Metal Packaging S.A. (AMBP) Q3 Earnings Top Estimates
AMBPArdagh Metal Packaging(AMBP) ZACKS·2024-10-24 13:11

Company Performance - Ardagh Metal Packaging S.A. reported quarterly earnings of 0.08pershare,exceedingtheZacksConsensusEstimateof0.08 per share, exceeding the Zacks Consensus Estimate of 0.07 per share, and up from 0.06pershareayearago,representinganearningssurpriseof14.290.06 per share a year ago, representing an earnings surprise of 14.29% [1] - The company posted revenues of 1.31 billion for the quarter ended September 2024, which missed the Zacks Consensus Estimate by 1.46%, compared to year-ago revenues of 1.29billion[1]−Overthelastfourquarters,ArdaghhassurpassedconsensusEPSestimatesonlyonceandhastoppedconsensusrevenueestimatesjustonce[1]StockPerformance−Sincethebeginningoftheyear,ArdaghMetalPackagingshareshaveincreasedbyapproximately9.11.29 billion [1] - Over the last four quarters, Ardagh has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [1] Stock Performance - Since the beginning of the year, Ardagh Metal Packaging shares have increased by approximately 9.1%, while the S&P 500 has gained 21.5% [2] - The current consensus EPS estimate for the upcoming quarter is 0.04 on revenues of 1.17billion,andforthecurrentfiscalyear,itis1.17 billion, and for the current fiscal year, it is 0.16 on revenues of 4.91billion[4]IndustryOutlook−TheMetalProducts−ProcurementandFabricationindustry,towhichArdaghbelongs,iscurrentlyrankedinthebottom204.91 billion [4] Industry Outlook - The Metal Products - Procurement and Fabrication industry, to which Ardagh belongs, is currently ranked in the bottom 20% of over 250 Zacks industries, indicating potential challenges for stock performance [5] - Another company in the same industry, TriMas, is expected to report quarterly earnings of 0.57 per share, with revenues projected at $240.65 million, reflecting a 2.3% increase from the previous year [5][6]