Ball Corporation (BLL - Free Report) recently posted a miss of the Zacks Consensus Estimate and the Zacks Rank fell to the lowest possible level. This stock has a Zacks Rank #5 (Strong Sell) and it is the Bear of the Day.
Ball is a manufacturer of metal and plastic packaging, primarily for beverages and foods, and a supplier of aerospace and other technologies and services to commercial and governmental customers.
The most recent quarter was a small miss, but prior to that things were just fine the previous three reports were all beats of the Zacks Consensus Estimate.
Earnings estimate revisions are the primary driver of the Zacks Rank. When estimates move higher the Rank tends to move higher as well. This is not the case for BLL, as estimate came down following the most recent earnings report.
Despite the recent earnings miss, BLL still has a positive long term outlook and a good looking chart. This might be a good candidate to do more research on as investors like to find stocks that have a good dip to buy.
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