Ball Corp Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Ball Corp (NYSE:BLL) will unveil its latest earnings on Thursday, July 28, 2011. Ball Corporation supplies metal and plastic packaging to the household products, food and beverage industries as well as aerospace and other technologies and services to governmental and commercial customers.

Ball Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 86 cents per share, a rise of 24.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 85 cents. Between one and three months ago, the average estimate was unchanged, but has risen during the last month. For the year, analysts are projecting profit of $2.87 per share, a rise of 22.6% from last year.

Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported net income of 58 cents per share against a mean estimate of profit of 48 cents, and the quarter before, the company exceeded forecasts by one cent with net income of 47 cents versus a mean estimate of profit of 46 cents.

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Wall St. Revenue Expectations: On average, analysts predict $2.42 billion in revenue this quarter, a rise of 20.4% from the year ago quarter. Analysts are forecasting total revenue of $8.87 billion for the year, a rise of 16.3% from last year’s revenue of $7.63 billion.

Analyst Ratings: Analysts are bullish on this stock with seven analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 15.1% while it rose 13.3% in the fourth quarter of the last fiscal year and more than twofold in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 17.9% to $2.01 billion in first quarter. The figure rose 7% in the fourth quarter of the last fiscal year from the year earlier, climbed 3.3% in the third quarter of the last fiscal year from the year-ago quarter and 4.2% in the second quarter of the last fiscal year.

Competitors to Watch: Crown Holdings, Inc. (NYSE:CCK), Silgan Holdings Inc. (NASDAQ:SLGN), Bway Holding Company (BWY), and Dominguez y Cia., S.A. (NYSE:DOM).

Stock Price Performance: During April 27, 2011 to July 22, 2011, the stock price had risen $2.37 (6.4%) from $36.94 to $39.31. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 8, 2011 when shares rose for 10-straight days, rising 7.7% (+$2.87) over that span. It saw one of its worst periods between May 31, 2011 and June 6, 2011 when shares fell for five-straight days, falling 3.8% (-$1.52) over that span. Shares are up $5.38 (+15.9%) year to date.

(Source: Xignite Financials)

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