Exploring Analyst Estimates for Crown (CCK) Q3 Earnings, Beyond Revenue and EPS

Core Insights - Analysts project Crown Holdings (CCK) will report quarterly earnings of $1.98 per share, reflecting a year-over-year decline of 0.5%, with revenues expected to reach $3.19 billion, an increase of 3.9% from the same quarter last year [1]. Earnings Projections - The consensus EPS estimate has been revised upward by 1.1% in the past 30 days, indicating a reassessment of initial estimates by covering analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Sales Estimates - Analysts estimate 'External Sales- Americas Beverage' will reach $1.49 billion, up 8.6% year-over-year [5]. - 'External Sales- European Beverage' is projected at $640.06 million, reflecting an increase of 11.7% from the previous year [5]. - 'External Sales- Transit Packaging' is forecasted to be $498.93 million, indicating a decline of 5.2% year-over-year [5]. - 'External Sales- Other segments' is expected to reach $331.08 million, showing a year-over-year increase of 2.5% [6]. - 'External Sales- Asia Pacific' is projected at $276.20 million, down 2.8% from the year-ago quarter [6]. Segment Income Estimates - 'Segment Income- Americas Beverage' is estimated at $282.74 million, slightly up from $280.00 million reported in the same quarter last year [7]. - 'Segment Income- European Beverage' is projected at $96.29 million, compared to $86.00 million in the same quarter of the previous year [7]. - 'Segment Income- Transit Packaging' is expected to be $62.29 million, down from $70.00 million year-over-year [8]. - 'Segment Income- Other segments' is estimated at $30.63 million, up from $27.00 million reported last year [8]. - 'Segment Income- Asia Pacific' is projected at $45.15 million, down from $50.00 million in the previous year [9]. Stock Performance - Over the past month, shares of Crown have returned -4.8%, contrasting with a +1% change in the Zacks S&P 500 composite [9]. - Currently, CCK holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [9].