Ball Corporation 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 will gain from Rexam acquisition which will help to simplify and streamline its business and is deliver over $300 million in synergies by the end of 2019. Further, additional global aerosol and specialty beverage can growth, momentum in aerospace will aid growth. However, continued weakness at the end-market level for carbonated soft drinks, beer and food remains a concern. Ball Corporation also continues to face headwinds in its China business due to competitive pricing environment. Also, start-up costs for growth projects will remain headwinds for the company’s performance in the near term.
Let’s have a quick look at the fourth-quarter 2016 earnings release of the company.
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 30 days and currently stands at 86 cents for the fourth quarter.
Ball Corporation Price and EPS Surprise
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.
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Ball Corporation 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 will gain from Rexam acquisition which will help to simplify and streamline its business and is deliver over $300 million in synergies by the end of 2019. Further, additional global aerosol and specialty beverage can growth, momentum in aerospace will aid growth. However, continued weakness at the end-market level for carbonated soft drinks, beer and food remains a concern. Ball Corporation also continues to face headwinds in its China business due to competitive pricing environment. Also, start-up costs for growth projects will remain headwinds for the company’s performance in the near term.
Let’s have a quick look at the fourth-quarter 2016 earnings release of the company.
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 30 days and currently stands at 86 cents for the fourth quarter.
Ball Corporation Price and EPS Surprise
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 >>