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Crown (CCK) Reports Q3 Earnings: What Key Metrics Have to Say
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Crown Holdings (CCK - Free Report) reported $3.07 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 0.2%. EPS of $1.99 for the same period compares to $1.73 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.07 billion, representing a surprise of +0.25%. The company delivered an EPS surprise of +9.94%, with the consensus EPS estimate being $1.81.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Crown performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
External Sales- Americas Beverage: $1.37 billion versus the three-analyst average estimate of $1.33 billion. The reported number represents a year-over-year change of +5.6%.
External Sales- European Beverage: $573 million compared to the $557.99 million average estimate based on three analysts. The reported number represents a change of +6.9% year over year.
External Sales- Transit Packaging: $526 million versus $521.17 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -5.1% change.
External Sales- Other segments: $323 million versus the three-analyst average estimate of $356.37 million. The reported number represents a year-over-year change of -14.3%.
External Sales- Asia Pacific: $284 million compared to the $293.40 million average estimate based on three analysts. The reported number represents a change of -7.5% year over year.
Segment Income- Americas Beverage: $280 million versus $241.94 million estimated by three analysts on average.
Segment Income- European Beverage: $86 million versus $88.10 million estimated by three analysts on average.
Segment Income- Transit Packaging: $70 million versus $80.46 million estimated by three analysts on average.
Segment Income- Other segments: $27 million versus $20.80 million estimated by three analysts on average.
Segment Income- Corporate and other: -$41 million versus -$36.67 million estimated by three analysts on average.
Segment Income- Asia Pacific: $50 million versus the three-analyst average estimate of $51.22 million.
Shares of Crown have returned +1% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Crown (CCK) Reports Q3 Earnings: What Key Metrics Have to Say
Crown Holdings (CCK - Free Report) reported $3.07 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 0.2%. EPS of $1.99 for the same period compares to $1.73 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.07 billion, representing a surprise of +0.25%. The company delivered an EPS surprise of +9.94%, with the consensus EPS estimate being $1.81.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Crown performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- External Sales- Americas Beverage: $1.37 billion versus the three-analyst average estimate of $1.33 billion. The reported number represents a year-over-year change of +5.6%.
- External Sales- European Beverage: $573 million compared to the $557.99 million average estimate based on three analysts. The reported number represents a change of +6.9% year over year.
- External Sales- Transit Packaging: $526 million versus $521.17 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -5.1% change.
- External Sales- Other segments: $323 million versus the three-analyst average estimate of $356.37 million. The reported number represents a year-over-year change of -14.3%.
- External Sales- Asia Pacific: $284 million compared to the $293.40 million average estimate based on three analysts. The reported number represents a change of -7.5% year over year.
- Segment Income- Americas Beverage: $280 million versus $241.94 million estimated by three analysts on average.
- Segment Income- European Beverage: $86 million versus $88.10 million estimated by three analysts on average.
- Segment Income- Transit Packaging: $70 million versus $80.46 million estimated by three analysts on average.
- Segment Income- Other segments: $27 million versus $20.80 million estimated by three analysts on average.
- Segment Income- Corporate and other: -$41 million versus -$36.67 million estimated by three analysts on average.
- Segment Income- Asia Pacific: $50 million versus the three-analyst average estimate of $51.22 million.
View all Key Company Metrics for Crown here>>>Shares of Crown have returned +1% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.