Ball (BALL) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Ball (BALL) reported $2.87 billion in revenue for Q1 2024, a year-over-year decline of 17.6% [1] - The EPS for the same period was $0.68, slightly down from $0.69 a year ago, with a surprise of +21.43% compared to the consensus estimate of $0.56 [1] - The revenue fell short of the Zacks Consensus Estimate of $3.18 billion by -9.71% [1] Revenue Breakdown - Net Sales- Other: $179 million, below the average estimate of $194.73 million, representing a year-over-year decline of -7.3% [2] - Net Sales- Beverage packaging, EMEA: $810 million, compared to the average estimate of $842.31 million, a year-over-year change of -2.9% [2] - Net Sales- Beverage packaging, South America: $482 million, exceeding the average estimate of $472.68 million, with a year-over-year increase of +7.1% [2] - Net Sales- Beverage packaging, North and Central America: $1.40 billion, slightly above the estimated $1.39 billion, reflecting a year-over-year decline of -6.7% [2] Operating Earnings - Comparable operating earnings- Beverage packaging, North and Central America: $192 million, surpassing the average estimate of $139.14 million [2] - Comparable operating earnings- Beverage packaging, EMEA: $85 million, exceeding the average estimate of $68.67 million [2] - Comparable operating earnings- Beverage packaging, South America: $55 million, above the average estimate of $47.55 million [2] Stock Performance - Ball's shares have returned -2.8% over the past month, compared to the Zacks S&P 500 composite's -3.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]