Ball Company BALL has reported fourth-quarter 2024 adjusted earnings of 84 cents per share, beating the Zacks Consensus Estimate of 81 cents. The underside line elevated 8% yr over yr.
Discover the most recent EPS estimates and surprises on Zacks Earnings Calendar.
Ball Corp reported a loss from persevering with operations of 1 cent per share in contrast with earnings from persevering with operations of 32 cents per share within the year-ago quarter. On a reported foundation, the corporate’s loss per share was 11 cents (together with a lack of 10 cents per share pertaining to discontinued operations) towards the prior-year quarter’s earnings of 49 cents.
Ball Company Worth, Consensus and EPS Shock
Ball Corporation price-consensus-eps-surprise-chart | Ball Company Quote
Whole gross sales have been $2.88 billion, a 0.8% dip from $2.90 billion (the determine is unique of the corporate’s divested aerospace enterprise) within the year-ago quarter. The highest line missed the Zacks Consensus Estimate of $2.98 billion.
BALL’s This autumn Operational Replace
The price of gross sales was $2.29 billion in fourth-quarter 2024, down 0.7% from the year-ago quarter. The gross revenue totaled $591 million, down from the year-ago quarter’s $599 million. The gross margin was 20.5%, down from the prior-year quarter’s 20.6%.
Promoting, normal and administrative bills rose 4.9% yr over yr to $129 million. Comparable phase working earnings have been $358 million, 0.8% decrease than the prior-year quarter’s $361 million. The phase working margin was 12.4%, flat yr over yr.
Ball Corp’s Segmental Performances in This autumn
The Beverage packaging, North and Central America phase’s revenues decreased 6.5% yr over yr to $1.29 billion within the fourth quarter. Outcomes have mirrored decrease quantity and worth/combine, favorably offset by the contractual pass-through of decrease aluminum prices. We predicted gross sales of $1.44 billion. Working earnings amounted to $142 million, down 9% yr over yr. Our estimate for the phase’s working earnings was $211 million.
Gross sales for the Beverage packaging, EMEA phase have been $826 million within the quarter, up 11.8% yr over yr. The upside was on account of the next year-over-year quantity. The reported determine surpassed our gross sales estimate of $711 million. Working earnings have been $90 million, which marked a 12.5% year-over-year enchancment. We had projected working earnings of $103 million.
The Beverage packaging, South America phase’s revenues have been $563 million within the reported quarter, down 8.6% yr over yr. The phase witnessed decrease year-over-year quantity and cheaper price/combine. Our projection for the phase’s gross sales was $665 million. Working earnings improved 0.8% to $126 million. The reported determine missed our estimate of $164 million.
BALL’s Money Movement & Debt Place
The corporate reported money and money equivalents of $885 million on the finish of 2024, up from $695 million on the finish of the prior yr. Money offered by working actions amounted to $0.12 billion in 2024, down from the $1.86 billion reported final yr.
The corporate’s long-term debt decreased to $5.31 billion on the finish of 2024 from $7.50 billion on the finish of 2023.
Ball Corp’s 2024 Efficiency
BALL has reported 2024 adjusted earnings of $3.17 per share, beating the Zacks Consensus Estimate of $3.15. The underside line elevated 9% yr over yr.
On a reported foundation, the corporate’s earnings per share have been $13.00 (together with a $11.63 per share influence of discontinuing operations) in contrast with the prior yr’s $2.23. BALL reported earnings from persevering with operations of $1.37 in 2024 in contrast with $1.53 in 2023.
Whole gross sales have been $11.79 billion in 2024, down 2.2% from the prior yr. The identical missed the Zacks Consensus Estimate of $11.88 billion.
BALL Inventory’s Worth Efficiency
The corporate’s shares have misplaced 3.5% up to now yr towards the industry‘s 2.1% progress.
Picture Supply: Zacks Funding Analysis
Performances of Ball Corp’s Peer in This autumn
Silgan Holdings SLGN reported a file fourth-quarter adjusted EPS of 85 cents, which beat the Zacks Consensus Estimate of 82 cents. This marked a 35% improve from earnings of 63 cents per share a yr in the past.
Silgan’s fourth-quarter revenues rose 5% yr over yr to $1.41 billion, surpassing the Zacks Consensus of $1.39 billion. The advance was attributed to the contribution from the acquisition of Weener Packaging within the Allotting and Specialty Closures phase, partially offset by a much less favorable combine within the Metallic Containers phase.
Containers – Metallic & Glass Inventory Awaiting Outcomes
Crown Holdings, Inc. CCK, scheduled to launch fourth-quarter 2024 outcomes on Feb. 5, has a trailing four-quarter common shock of 4.3%. The Zacks Consensus Estimate for CCK’s fourth-quarter 2024 earnings is pegged at $1.52 per share, implying year-over-year progress of twenty-two.6%.
The consensus estimate for the corporate’s high line is pegged at $2.92 billion, indicating an increase of two.1% from the prior-year reported determine.
BALL’s Zacks Rank & Inventory to Take into account
Ball Corp at present carries a Zacks Rank #3 (Maintain).
A greater-ranked inventory from the Industrial Merchandise sector is Graham Company GHM. GHM sports activities a Zacks Rank #1 (Robust Purchase) at current. You possibly can see the complete list of today’s Zacks #1 Rank stocks here.
Graham delivered a median trailing four-quarter earnings shock of 101.85%. The Zacks Consensus Estimate for GHM’s 2024 earnings is pinned at $1.03 per share, which signifies a year-over-year surge of 145.2%. The corporate’s shares have skyrocketed 105.1% in a yr.
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