Ball Earnings: Everything You Must Know Now

Ball Corporation (NYSE:BLL) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Ball Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 7.94% to $0.58 in the quarter versus EPS of $0.63 in the year-earlier quarter.

Revenue: Decreased 2.53% to $1.99 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Ball Corporation reported adjusted EPS income of $0.58 per share. By that measure, the company missed the mean analyst estimate of $0.64. It missed the average revenue estimate of $2.09 billion.

Quoting Management: “We are encouraged by solid performance in the majority of our packaging businesses given lower volume trends for standard metal packaging during the quarter,” said John A. Hayes, chairman, president and chief executive officer. “However, this performance was overshadowed by disappointing results in our European beverage container business.”

Key Stats (on next page)…

Revenue decreased 5.83% from $2.11 billion in the previous quarter. EPS decreased 9.38% from $0.64 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.95 to a profit $0.93. For the current year, the average estimate has moved down from a profit of $3.37 to a profit of $3.34 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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