Shares of Ball Corporation reached a new 52-week high of $41.53 on Jun 1, eventually closing trade at $41.42. The stock has been gaining momentum since reporting upbeat earnings results for first-quarter 2017 on May 4.
The company has a market cap of $14.54 billion. Ball Corporation has long-term estimated earnings per share growth rate of 12%.
Moreover, this metal and plastic packaging manufacturer for beverages and foods, has gained 10.9%, outperforming the Zacks categorized Containers-Metal/Glass industry’s gain of 5.9%. Average volume of shares traded in the last three months was approximately 1.45 million.
What’s Driving it Upward?
The upsurge in the stock price reflects its positive earnings momentum. We have observed that Ball Corporation has beaten the Zacks Consensus Estimate in the last four quarters, registering an average positive surprise of 5.61%. In the last reported quarter, earnings per share outdid the Zacks Consensus Estimate by 11.76%.
Ball Corporation Price and Consensus
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 >>
Shares of Ball Corporation reached a new 52-week high of $41.53 on Jun 1, eventually closing trade at $41.42. The stock has been gaining momentum since reporting upbeat earnings results for first-quarter 2017 on May 4.
The company has a market cap of $14.54 billion. Ball Corporation has long-term estimated earnings per share growth rate of 12%.
Moreover, this metal and plastic packaging manufacturer for beverages and foods, has gained 10.9%, outperforming the Zacks categorized Containers-Metal/Glass industry’s gain of 5.9%. Average volume of shares traded in the last three months was approximately 1.45 million.
What’s Driving it Upward?
The upsurge in the stock price reflects its positive earnings momentum. We have observed that Ball Corporation has beaten the Zacks Consensus Estimate in the last four quarters, registering an average positive surprise of 5.61%. In the last reported quarter, earnings per share outdid the Zacks Consensus Estimate by 11.76%.
Ball Corporation Price and Consensus
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 >>
Get the latest research report on CAT - FREE
Get the latest research report on PH - FREE
Get the latest research report on AGCO - FREE