Analysts Estimate Ball (BALL) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - Ball (BALL) is anticipated to report a year-over-year decline in earnings due to lower revenues, with the upcoming earnings report expected on April 26, 2024 [1][2]. Financial Expectations - The consensus estimate for quarterly earnings is $0.56 per share, reflecting an 18.8% decrease year-over-year [2]. - Revenues are projected to be $3.26 billion, down 6.4% from the same quarter last year [2]. Estimate Revisions - The consensus EPS estimate has been revised 3.51% lower in the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [3][6]. Earnings Surprise Prediction - The Zacks Earnings ESP for Ball is -0.60%, suggesting that the Most Accurate Estimate is lower than the Zacks Consensus Estimate, which complicates the prediction of an earnings beat [4][6]. - A positive Earnings ESP is generally a strong predictor of an earnings beat, especially when combined with a favorable Zacks Rank [5]. Historical Performance - In the last reported quarter, Ball exceeded the expected earnings of $0.77 per share by posting $0.78, resulting in a surprise of +1.30% [7]. - Over the past four quarters, the company has consistently beaten consensus EPS estimates [7]. Conclusion - Despite the historical ability to beat estimates, Ball does not currently appear to be a compelling candidate for an earnings beat based on the current estimates and revisions [8].