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Container Stock Earnings Roster for Apr 27: ATR, BMS, MINI
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So far the first-quarter earnings has portrayed an encouraging picture, with 95 S&P 500 members having already reported their numbers, which constitutes 24.9% of the index’s total market capitalization, earnings has gone up 14.3%. Considering all the companies that are yet to report, the S&P 500 is expected to register growth of 9.1% in the quarter, outperforming the 7.4% growth witnessed in the fourth quarter. It is worth mentioning that the earnings growth trajectory had entered the positive territory in third-quarter 2016, after five quarters of back-to-back declines. (Read more: Earnings Growth Accelerates in Q1)
Both the Containers-Paper and Packaging and Containers-Metal, Glass industries fall under the Basic Materials sector – one of the 16 broad Zacks sectors. The 15% of the companies in this sector that have reported so far have put up a 41.9% increase in earnings. Taking into account the companies that are yet to report, the sector’s earnings are expected to rise 11% in the quarter, a significant improvement from the 3.5% growth logged in the fourth quarter.
Last week packaging companies like Sonoco Products Co. (SON - Free Report) and Crown Holdings (CCK - Free Report) came out with their results. Sonoco’s top-line and bottom-line suffered declines in the first quarter. However, Crown Holdings fared better registering an improvement on both counts. Nevertheless, Sonoco’s earnings beat the Zacks Consensus Estimate while revenues came in line. Crown Holdings surpassed the Zacks Consensus Estimate for earnings and revenues.
Let's take a sneak peek at three major packaging container providers to see how things are shaping up prior to first-quarter 2017 results expected to be announced on Apr 27.
AptarGroup, Inc. (ATR - Free Report) , which sells packaging, dispensing, and sealing solutions to the beauty, food and beverage markets, is expected to report quarterly results, before the market opens. In the last reported quarter, the company reported a 6% rise in earnings despite a 1% dip in revenues.
In the last reported quarter, the company posted a positive earnings surprise of 4.55%. AptarGroup has beaten estimates in two of the trailing four quarters, with an average positive earnings surprise of 0.77%.
AptarGroup's base business continues to be affected by consumer weakness in certain categories. Additionally, cautionary spending of customers, higher resin costs and an unfavorable foreign exchange remain headwinds for the company’s performance.
Our proven model does not conclusively show that AptarGroup is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The combination of AptarGroup’s Zacks Rank #4 (Sell) and Earnings ESP of 0.00% makes an earnings beat unlikely this quarter. As it is, we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Packaging products manufacturer, Bemis Company, Inc. registered a year-over-year increase in both top-line and bottom-line in the last reported quarter.
Bemis delivered a positive earnings surprise of 1.52% in the last quarter. The company surpassed the Zacks Consensus Estimate in two of the last four quarters, and delivered in-line results in one quarter, resulting in a a negative average earnings surprise of 0.38%.
Bemis’ results will be affected by increase in interest expense and deterioration in the Brazilian economy. Moreover, the company continues to bear the brunt of a flat-to-declining U.S. packaged food market.
Mobile Mini, Inc. , a provider of portable storage and specialty containment solutions, is scheduled to report quarterly results before the opening bell. In the last reported quarter, the company reported an increase in earnings while revenues dipped.
The company delivered a positive earnings surprise in the last quarter. In the four trailing quarters, the company has missed the Zacks Consensus Estimate on two occasions, came in line in one and outpaced the same in the remaining quarter. The company has an overall negative earnings surprise of 1.34% in the last four quarters.
The company will benefit from organic growth in the downstream business at existing branches, as well as through the utilization of the existing portable storage footprint to support geographic growth. In the specialty containment business, downstream rental revenues continue to remain at healthy levels. However, challenges resulting largely from weak commodity prices continued to negatively affect its remaining specialty containment lines.
Though Mobile Mini’s Zacks Rank #3 increases the predictive power of the ESP, its Earnings ESP of -4.00% makes surprise prediction difficult.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
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Container Stock Earnings Roster for Apr 27: ATR, BMS, MINI
So far the first-quarter earnings has portrayed an encouraging picture, with 95 S&P 500 members having already reported their numbers, which constitutes 24.9% of the index’s total market capitalization, earnings has gone up 14.3%. Considering all the companies that are yet to report, the S&P 500 is expected to register growth of 9.1% in the quarter, outperforming the 7.4% growth witnessed in the fourth quarter. It is worth mentioning that the earnings growth trajectory had entered the positive territory in third-quarter 2016, after five quarters of back-to-back declines. (Read more: Earnings Growth Accelerates in Q1)
Both the Containers-Paper and Packaging and Containers-Metal, Glass industries fall under the Basic Materials sector – one of the 16 broad Zacks sectors. The 15% of the companies in this sector that have reported so far have put up a 41.9% increase in earnings. Taking into account the companies that are yet to report, the sector’s earnings are expected to rise 11% in the quarter, a significant improvement from the 3.5% growth logged in the fourth quarter.
Last week packaging companies like Sonoco Products Co. (SON - Free Report) and Crown Holdings (CCK - Free Report) came out with their results. Sonoco’s top-line and bottom-line suffered declines in the first quarter. However, Crown Holdings fared better registering an improvement on both counts. Nevertheless, Sonoco’s earnings beat the Zacks Consensus Estimate while revenues came in line. Crown Holdings surpassed the Zacks Consensus Estimate for earnings and revenues.
Let's take a sneak peek at three major packaging container providers to see how things are shaping up prior to first-quarter 2017 results expected to be announced on Apr 27.
AptarGroup, Inc. (ATR - Free Report) , which sells packaging, dispensing, and sealing solutions to the beauty, food and beverage markets, is expected to report quarterly results, before the market opens. In the last reported quarter, the company reported a 6% rise in earnings despite a 1% dip in revenues.
In the last reported quarter, the company posted a positive earnings surprise of 4.55%. AptarGroup has beaten estimates in two of the trailing four quarters, with an average positive earnings surprise of 0.77%.
AptarGroup, Inc. Price and EPS Surprise
AptarGroup, Inc. Price and EPS Surprise | AptarGroup, Inc. Quote
AptarGroup's base business continues to be affected by consumer weakness in certain categories. Additionally, cautionary spending of customers, higher resin costs and an unfavorable foreign exchange remain headwinds for the company’s performance.
Our proven model does not conclusively show that AptarGroup is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The combination of AptarGroup’s Zacks Rank #4 (Sell) and Earnings ESP of 0.00% makes an earnings beat unlikely this quarter. As it is, we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Packaging products manufacturer, Bemis Company, Inc. registered a year-over-year increase in both top-line and bottom-line in the last reported quarter.
Bemis delivered a positive earnings surprise of 1.52% in the last quarter. The company surpassed the Zacks Consensus Estimate in two of the last four quarters, and delivered in-line results in one quarter, resulting in a a negative average earnings surprise of 0.38%.
Bemis Company, Inc. Price and EPS Surprise
Bemis Company, Inc. Price and EPS Surprise | Bemis Company, Inc. Quote
Bemis’ results will be affected by increase in interest expense and deterioration in the Brazilian economy. Moreover, the company continues to bear the brunt of a flat-to-declining U.S. packaged food market.
Though Bemis has a positive Earnings ESP of +1.54%, its Zacks Rank #4 makes a beat unlikely this quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
Mobile Mini, Inc. , a provider of portable storage and specialty containment solutions, is scheduled to report quarterly results before the opening bell. In the last reported quarter, the company reported an increase in earnings while revenues dipped.
The company delivered a positive earnings surprise in the last quarter. In the four trailing quarters, the company has missed the Zacks Consensus Estimate on two occasions, came in line in one and outpaced the same in the remaining quarter. The company has an overall negative earnings surprise of 1.34% in the last four quarters.
Mobile Mini, Inc. Price and EPS Surprise
Mobile Mini, Inc. Price and EPS Surprise | Mobile Mini, Inc. Quote
The company will benefit from organic growth in the downstream business at existing branches, as well as through the utilization of the existing portable storage footprint to support geographic growth. In the specialty containment business, downstream rental revenues continue to remain at healthy levels. However, challenges resulting largely from weak commodity prices continued to negatively affect its remaining specialty containment lines.
Though Mobile Mini’s Zacks Rank #3 increases the predictive power of the ESP, its Earnings ESP of -4.00% makes surprise prediction difficult.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>