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Container Stocks' Earnings Lineup for Feb 2: BLL, CCK, MINI
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This earnings season is heading toward positive growth for second consecutive quarter after five quarters of back-to-back declines. Of the 170 S&P 500 members that have reported across all sectors, that constitute 46.3% of the index’s total market capitalization, earnings has gone up 6% for the fourth quarter. Combining the actual results from the still-to-report 330 companies, total earnings of the index is expected to grow 5.2% year over year on 4.0% higher revenues. (Read more: Earnings Growth Returns, Will it Continue?)
The Containers-Paper and Packaging, Containers-Metal, Glass industry fall under the Industrial Products sector – one of the 16 broader Zacks sectors. The industrial products sector is one of the 11 sectors that are expected to log positive growth in this quarter. The industrial products sector has a projected growth of 1.4% for the fourth quarter on the back of a 4.1% rise in revenues, owing to increased capital investment in the infrastructure market. So far 31.8% of the companies (39.4% of the total market capitalization) have reported in the sector. Given that these companies have out up an earnings growth of 4.5% on the scoreboard, the sector seems on track to achieve the projected numbers.
Let's take a sneak peek at three major packaging container providers to see how things are shaping up for the upcoming fourth-quarter 2016 results to be announced on Feb 2.
Leading supplier of metal and plastic packaging to the beverage and food industries, Ball Corporation registered a year-over-year decline in earnings despite an increase in revenues in the last-reported quarter.
In the last quarter, the company posted a positive earnings surprise of 4.35%. Ball Corporation has outpaced the Zacks Consensus Estimate in three out of the past four quarters. However, it managed to deliver an average positive earnings surprise of 0.65% in the trailing four quarters.
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 0.9% in contrast with 5.4% climb registered by the subindustry in the said time frame.
Ball Corporation will benefit from continued growth in global aerosol and initiatives to improve production efficiencies will benefit the Food and Aerosol segment. However, integration risks, start-up costs, and continued weakness in demand at the end-market level for carbonated soft drinks, beer and food remain primary headwinds.
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. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The combination of Ball Corporation’s Zacks Rank #4 (Sell) and an Earnings ESP of 0.00% makes an earnings beat unlikely this quarter. Note that we caution against stocks with a Zacks Rank #4 or #5 (Sell-rated stocks) going into an earnings announcement. (Read more: Ball Corporation Q4 Earnings: What’s in the Cards?)
Leading global manufacturer of packaging products for consumer goods, Crown Holdings Inc. (CCK - Free Report) had reported declines in both its top line and bottom line in the third quarter.
Crown Holdings has beaten estimates in each of the trailing four quarters, with an avergage positive earnings surprise of 5.37%.
In the past three months, Crown Holdings has outperformed the Zacks categorized Containers- Metal/ Glass subindustry. In the said time frame, the company’s shares have gained 34%, while the industry gained 5.5%.
Higher start-up costs are anticipated to impact results on the fourth quarter. Further, in European beverage business, in addition to start-up costs related to the second line in Turkey, the company expects a disruption in France, as the steel lines are down and the second aluminum line is being installed. This will lead to reduced sales.
Crown Holdings’ Rank #4 and an ESP of -1.41% makes an earnings beat unlikely this quarter.
In the last reported quarter, Mobile Mini, Inc. , a provider of portable storage and specialty containment solutions reported decline in both earnings and revenues.
The company delivered a negative earnings surprise of 18.42% in the last quarter. In the last four trailing quarters, the company has missed the Zacks Consensus Estimate on two occasions, came in line in one quarter and outpaced the same in one quarter. The company has an overall negative earnings surprise of 7.49% in the last four quarters.
In the past three months, Mobile Mini has outperformed the Zacks categorized Containers- Metal/ Glass subindustry. In the said time frame, the company’s shares have gained 34%, while the industry gained 5.5%.
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
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Container Stocks' Earnings Lineup for Feb 2: BLL, CCK, MINI
This earnings season is heading toward positive growth for second consecutive quarter after five quarters of back-to-back declines. Of the 170 S&P 500 members that have reported across all sectors, that constitute 46.3% of the index’s total market capitalization, earnings has gone up 6% for the fourth quarter. Combining the actual results from the still-to-report 330 companies, total earnings of the index is expected to grow 5.2% year over year on 4.0% higher revenues. (Read more: Earnings Growth Returns, Will it Continue?)
The Containers-Paper and Packaging, Containers-Metal, Glass industry fall under the Industrial Products sector – one of the 16 broader Zacks sectors. The industrial products sector is one of the 11 sectors that are expected to log positive growth in this quarter. The industrial products sector has a projected growth of 1.4% for the fourth quarter on the back of a 4.1% rise in revenues, owing to increased capital investment in the infrastructure market. So far 31.8% of the companies (39.4% of the total market capitalization) have reported in the sector. Given that these companies have out up an earnings growth of 4.5% on the scoreboard, the sector seems on track to achieve the projected numbers.
Let's take a sneak peek at three major packaging container providers to see how things are shaping up for the upcoming fourth-quarter 2016 results to be announced on Feb 2.
Leading supplier of metal and plastic packaging to the beverage and food industries, Ball Corporation registered a year-over-year decline in earnings despite an increase in revenues in the last-reported quarter.
Ball Corporation Price and EPS Surprise
Ball Corporation Price and EPS Surprise | Ball Corporation Quote
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In the last quarter, the company posted a positive earnings surprise of 4.35%. Ball Corporation has outpaced the Zacks Consensus Estimate in three out of the past four quarters. However, it managed to deliver an average positive earnings surprise of 0.65% in the trailing four quarters.
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 0.9% in contrast with 5.4% climb registered by the subindustry in the said time frame.
Ball Corporation will benefit from continued growth in global aerosol and initiatives to improve production efficiencies will benefit the Food and Aerosol segment. However, integration risks, start-up costs, and continued weakness in demand at the end-market level for carbonated soft drinks, beer and food remain primary headwinds.
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. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The combination of Ball Corporation’s Zacks Rank #4 (Sell) and an Earnings ESP of 0.00% makes an earnings beat unlikely this quarter. Note that we caution against stocks with a Zacks Rank #4 or #5 (Sell-rated stocks) going into an earnings announcement. (Read more: Ball Corporation Q4 Earnings: What’s in the Cards?)
Leading global manufacturer of packaging products for consumer goods, Crown Holdings Inc. (CCK - Free Report) had reported declines in both its top line and bottom line in the third quarter.
Crown Holdings, Inc. Price and EPS Surprise
Crown Holdings, Inc. Price and EPS Surprise | Crown Holdings, Inc. Quote
.jpg)
Crown Holdings has beaten estimates in each of the trailing four quarters, with an avergage positive earnings surprise of 5.37%.
In the past three months, Crown Holdings has outperformed the Zacks categorized Containers- Metal/ Glass subindustry. In the said time frame, the company’s shares have gained 34%, while the industry gained 5.5%.
Higher start-up costs are anticipated to impact results on the fourth quarter. Further, in European beverage business, in addition to start-up costs related to the second line in Turkey, the company expects a disruption in France, as the steel lines are down and the second aluminum line is being installed. This will lead to reduced sales.
Crown Holdings’ Rank #4 and an ESP of -1.41% makes an earnings beat unlikely this quarter.
In the last reported quarter, Mobile Mini, Inc. , a provider of portable storage and specialty containment solutions reported decline in both earnings and revenues.
Mobile Mini, Inc. Price and EPS Surprise
Mobile Mini, Inc. Price and EPS Surprise | Mobile Mini, Inc. Quote
The company delivered a negative earnings surprise of 18.42% in the last quarter. In the last four trailing quarters, the company has missed the Zacks Consensus Estimate on two occasions, came in line in one quarter and outpaced the same in one quarter. The company has an overall negative earnings surprise of 7.49% in the last four quarters.
In the past three months, Mobile Mini has outperformed the Zacks categorized Containers- Metal/ Glass subindustry. In the said time frame, the company’s shares have gained 34%, while the industry gained 5.5%.
Though Mobile Mini’s Zacks Rank #3 increases the predictive power of the ESP, its 0.00% ESP makes surprise prediction difficult. You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>