Packaging manufacturer Ball (NYSE: BLL) will be reporting results this Tuesday before the bell. Here’s what investors should know.
Ball beat analysts’ revenue expectations by 6.7% last quarter, reporting revenues of $3.10 billion, up 7.8% year on year. It was a stunning quarter for the company, with an impressive beat of analysts’ organic revenue estimates and an impressive beat of analysts’ adjusted operating income estimates.
Is Ball a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Ball’s revenue to grow 5.4% year on year to $3.12 billion, a reversal from the 17% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.87 per share.
Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 4 downward revisions over the last 30 days (we track 10 analysts).
Looking at Ball’s peers in the industrial packaging segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Crown Holdings delivered year-on-year revenue growth of 3.6%, beating analysts’ expectations by 0.9%, and Graphic Packaging Holding reported a revenue decline of 1.5%, topping estimates by 2.1%. Crown Holdings’s stock price was unchanged after the resultswhile Graphic Packaging Holding was down 2.6%.
Read our full analysis of Crown Holdings’s results here and Graphic Packaging Holding’s results here.
Investors in the industrial packaging segment have had steady hands going into earnings, with share prices flat over the last month. Ball is down 2.2% during the same time and is heading into earnings with an average analyst price target of $63.86 (compared to the current share price of $57.14).
Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
