Ball Corporation (BLL) is one of the world’s leading suppliers of metal packaging to the beverage, food, personal care and household products industries. It also supplies aerospace and other technologies and services to government and commercial customers.
Ball Corporation continues to grow from capacity additions, momentum in the Aerospace business and expansion in developing regions. However, high aluminum premiums in Europe and overcapacity in China remain headwinds. After witnessing weak beverage can demand in Brazil following the soccer World Cup, Ball Corporation expects volumes to bounce back in the fourth quarter on entering the summer selling season. Investors are thus eagerly awaiting Ball Corporation’s earnings report.
Estimate Trend & Surprise History
You should note that the earnings estimate revisions for Ball Corporation depicted a neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained stable over the last 7 days and currently stands at 85 cents for the current quarter.
Coming to earnings surprise history, Ball Corporation has a good track record: its beaten estimates in each of the last four quarters at an average rate of 13.12%.
Earnings
Ball Corporation delivered earnings of 84 cents per share in the fourth quarter 2014. Earnings lagged the Zacks Consensus Estimate by a penny.
Revenue
Ball Corporation beats on revenues in fourth quarter. Ball Corporation posted revenues of $2 billion, surpassing the Zacks Consensus Estimate for revenues of 1.98 billion.
Key Stats
Ball Corporation’s Aerospace and Technologies segment reported backlog of $765 million in 2014, compared with $938 million in 2013.
Zacks Rank
Currently, Ball Corporation has a Zacks Rank #3 (Hold), but that could change following Ball Corporation’s earnings report which was just released.
Market Reaction
Ball Corporation’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this Ball Corporation’s earnings report later!
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