Ball Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Ball Corp (NYSE:BLL) will unveil its latest earnings on Thursday, October 27, 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 profit of 79 cents per share, a rise of 12.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 85 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 80 cents during the last month. Analysts are projecting profit to rise by 17.5% versus last year to $2.75.

Past Earnings Performance: Last quarter, the company missed estimates by one cent, coming in at net income of 85 cents per share versus a mean estimate of profit of 86 cents per share. In the first quarter, the company beat estimates by 10 cents.

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Wall St. Revenue Expectations: On average, analysts predict $2.22 billion in revenue this quarter, a rise of 8.8% from the year ago quarter. Analysts are forecasting total revenue of $8.64 billion for the year, a rise of 13.2% from last year’s revenue of $7.63 billion.

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

A Look Back: In the second quarter, profit rose more than twofold to $143.1 million (84 cents a share) from $69 million (37 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 15.1% to $2.31 billion from $2.01 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 15.1% in the first quarter and 13.3% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 17.9% in the first quarter from the year earlier, climbed 7% in the fourth quarter of the last fiscal year from the year-ago quarter and 3.3% in the third quarter of the last fiscal year.

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

Stock Price Performance: During September 23, 2011 to October 21, 2011, the stock price had risen $3.87 (12.5%) from $30.95 to $34.82. It saw one of its worst periods between September 16, 2011 and September 23, 2011 when shares fell for six-straight days, falling 9.8% (-$3.36) over that span. 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. Shares are up 89 cents (+2.6%) year to date.

(Source: Xignite Financials)

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