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Crown (CCK) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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Crown Holdings (CCK - Free Report) reported $2.78 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 6.4%. EPS of $1.02 for the same period compares to $1.20 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.93 billion, representing a surprise of -4.83%. The company delivered an EPS surprise of +6.25%, with the consensus EPS estimate being $0.96.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Crown performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
External Sales- Americas Beverage: $1.22 billion versus the four-analyst average estimate of $1.30 billion. The reported number represents a year-over-year change of -3.1%.
External Sales- European Beverage: $482 million versus $460.94 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +0.6% change.
Net Sales- Other segments: $281 million compared to the $308.92 million average estimate based on four analysts. The reported number represents a change of -15.4% year over year.
External Sales- Transit Packaging: $520 million versus the four-analyst average estimate of $538 million. The reported number represents a year-over-year change of -7.8%.
External Sales- Asia Pacific: $279 million versus $315.32 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -17.5% change.
Segment Income- Americas Beverage: $189 million versus $176.45 million estimated by four analysts on average.
Segment Income- European Beverage: $51 million compared to the $36.10 million average estimate based on four analysts.
Segment Income- Transit Packaging: $68 million versus the four-analyst average estimate of $73.48 million.
Segment Income- Other segments: $8 million compared to the $15.71 million average estimate based on four analysts.
Segment Income- Corporate and other: -$50 million compared to the -$36.76 million average estimate based on four analysts.
Segment Income- Asia Pacific: $42 million versus the four-analyst average estimate of $32.98 million.
Shares of Crown have returned +1.7% over the past month versus the Zacks S&P 500 composite's -2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Crown (CCK) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Crown Holdings (CCK - Free Report) reported $2.78 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 6.4%. EPS of $1.02 for the same period compares to $1.20 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.93 billion, representing a surprise of -4.83%. The company delivered an EPS surprise of +6.25%, with the consensus EPS estimate being $0.96.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Crown performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- External Sales- Americas Beverage: $1.22 billion versus the four-analyst average estimate of $1.30 billion. The reported number represents a year-over-year change of -3.1%.
- External Sales- European Beverage: $482 million versus $460.94 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +0.6% change.
- Net Sales- Other segments: $281 million compared to the $308.92 million average estimate based on four analysts. The reported number represents a change of -15.4% year over year.
- External Sales- Transit Packaging: $520 million versus the four-analyst average estimate of $538 million. The reported number represents a year-over-year change of -7.8%.
- External Sales- Asia Pacific: $279 million versus $315.32 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -17.5% change.
- Segment Income- Americas Beverage: $189 million versus $176.45 million estimated by four analysts on average.
- Segment Income- European Beverage: $51 million compared to the $36.10 million average estimate based on four analysts.
- Segment Income- Transit Packaging: $68 million versus the four-analyst average estimate of $73.48 million.
- Segment Income- Other segments: $8 million compared to the $15.71 million average estimate based on four analysts.
- Segment Income- Corporate and other: -$50 million compared to the -$36.76 million average estimate based on four analysts.
- Segment Income- Asia Pacific: $42 million versus the four-analyst average estimate of $32.98 million.
View all Key Company Metrics for Crown here>>>Shares of Crown have returned +1.7% over the past month versus the Zacks S&P 500 composite's -2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.