Beverage can maker, Ball Corporation is scheduled to report fourth-quarter 2016 results before the opening bell on Feb 2. In the last-reported quarter, the company registered a year-over-year decline in earnings despite an increase in revenues. Let’s see how things are shaping up prior to this quarter.
Earnings Whispers
Our proven model does not conclusively show that Ball Corporation 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. However, that is not the case here, as you will see below.
Zacks ESP: Ball Corporation’s Earnings ESP is +0.00% as the Most Accurate estimate of 86 cents is in line with the Zacks Consensus Estimate. A positive Earnings ESP serves as a meaningful and leading indicator of a likely positive earnings surprise. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Though Ball Corporation’s Zacks Rank #3 increases the predictive power of the ESP, its 0.00% ESP makes surprise prediction difficult. Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Price Performance
Ball Corporation’s share price has underperformed the Zacks categorized Containers- Metal/ Glass subindustry in the past three months. Ball Corporation’s share price has dipped 0.1% in contrast with 5.1% climb recorded by the sub industry over the said time frame.
Surprise History
In the last-reported quarter, the company posted a positive earnings surprise of 4.35%. Ball Corporation outpaced the Zacks Consensus Estimate in three out of the trailing four quarters, with an average positive surprise of 0.65%.
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Beverage can maker, Ball Corporation is scheduled to report fourth-quarter 2016 results before the opening bell on Feb 2. In the last-reported quarter, the company registered a year-over-year decline in earnings despite an increase in revenues. Let’s see how things are shaping up prior to this quarter.
Earnings Whispers
Our proven model does not conclusively show that Ball Corporation 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. However, that is not the case here, as you will see below.
Zacks ESP: Ball Corporation’s Earnings ESP is +0.00% as the Most Accurate estimate of 86 cents is in line with the Zacks Consensus Estimate. A positive Earnings ESP serves as a meaningful and leading indicator of a likely positive earnings surprise. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Though Ball Corporation’s Zacks Rank #3 increases the predictive power of the ESP, its 0.00% ESP makes surprise prediction difficult. Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Price Performance
Ball Corporation’s share price has underperformed the Zacks categorized Containers- Metal/ Glass subindustry in the past three months. Ball Corporation’s share price has dipped 0.1% in contrast with 5.1% climb recorded by the sub industry over the said time frame.
Surprise History
In the last-reported quarter, the company posted a positive earnings surprise of 4.35%. Ball Corporation outpaced the Zacks Consensus Estimate in three out of the trailing four quarters, with an average positive surprise of 0.65%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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