Ball (US:BALL) Zacks Investment Researchยท2024-02-01 13:11Company Performance - Ball reported quarterly earnings of $0.78 per share, exceeding the Zacks Consensus Estimate of $0.77 per share, and up from $0.44 per share a year ago, representing an earnings surprise of 1.30% [1] - The company posted revenues of $3.4 billion for the quarter ended December 2023, missing the Zacks Consensus Estimate by 3.45%, and down from $3.55 billion year-over-year [1] - Over the last four quarters, Ball has surpassed consensus EPS estimates four times but has not beaten consensus revenue estimates [1] Future Outlook - The current consensus EPS estimate for the coming quarter is $0.68 on revenues of $3.45 billion, and for the current fiscal year, it is $3.12 on revenues of $14 billion [4] - The estimate revisions trend for Ball is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [4] Industry Context - The Containers - Metal and Glass industry, to which Ball belongs, is currently in the bottom 16% of over 250 Zacks industries, suggesting potential challenges ahead [5] - Another company in the same industry, Crown Holdings, is expected to report quarterly earnings of $1.42 per share, reflecting a year-over-year increase of 21.4%, with revenues anticipated to be $2.93 billion, down 2.8% from the previous year [5][6]