Ball Corporation (BLL) To Post Q3 Earnings: What To Expect?
Zacks Investment Research | Oct 30, 2017 05:49AM ET
Ball Corporation (NYSE:BLL) is set to release third-quarter 2017 results before the opening bell on Nov 2.
In the last reported quarter, the company had missed the Zacks Consensus Estimate. Ball Corporation delivered an average positive earnings surprise of 3.00% in the last four quarters.
Let’s see how things are shaping up for this announcement.
Ball Corporation Price and EPS Surprise
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So what should investors expect from Ball Corporation’s Q3 earnings announcement? By using our Zacks Consensus Estimates, as well as our exclusive non-financial metrics file, we’ve found three important things to note ahead of Ball Corporation’s report:
Earnings
Based on the latest Zacks Consensus Estimate, we expect Ball Corporation to report earnings of 59 cents per share in the third quarter. This would mark growth of 23% from the 48 cents per share posted in the year-ago quarter.
Revenue
The Zacks Consensus Estimate for sales of Ball Corporation’s Aerospace and Technologies segment is pegged at $238 million for the third quarter, reflecting 16.7% year over year improvement. We also expect that sales at the Beverage packaging, Europe segment will likely be $718 million, up 4.5% year over year.
Sales estimates for Beverage packaging in the North and Central America segment, and the South America segment are pegged at $1,116 million and $334 million, respectively, for the quarter to be reported. However, the Food and Aerosol Packaging segment is projected to report sales of $320 million, down 2.7% from $329 million reported in the prior-year quarter.
Currently, Ball Corporation carries a Zacks Rank #4 (Sell).
Stocks Worth a Look
Here are a few stocks worth considering as these have the right combination of elements to post an earnings beat this quarter.
Apple Inc. (NASDAQ:AAPL) is scheduled to report quarterly numbers on Nov 2. It has an Earnings ESP of +1.17% and carries a Zacks Rank of 3 (Hold). You can see Zacks Investment Research
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