Ball Corporation is one of the world’s leading suppliers of metal packaging to the beverage, food, personal care and household products industries. The company delivered adjusted earnings of 60 cents per share in the fourth-quarter 2017. Earnings came ahead of the Zacks Consensus Estimate of 52 cents.
Revenue: Ball Corporation beat revenues in the fourth quarter. The company posted revenues of $2.747 billion, which surpassed the Zacks Consensus Estimate for revenues of $2.658 billion.
Outlook: Ball Corporation provided its financial goals for 2018. The company expects its free cash flow will be around $900 million and capital spending will be at least $600 million.
Ball Corporation remains optimistic about U.S. Tax Cuts and Jobs Act's potential which should benefit its end markets. The company estimates that the Act will reduce its global effective tax rate on comparable earnings from approximately 25% in 2017 to around 23% in 2018. Further, its synergy capture plans remain on track. Notably, Ball Corporation reaffirms that its comparable EBITDA will be $2 billion and free cash flow will be in excess of $1 billion in 2019.
Estimate Trend & Surprise History: You should note that the earnings estimate revisions for Ball Corporation have remained stable prior to the earnings release. The Zacks Consensus Estimate currently stands at 52 cents for the fourth quarter.
Ball Corporation’s earnings surprise history is not impressive. The company has missed the Zacks Consensus Estimate in the last reported quarter. Moreover, it posted an average negative surprise of 1.05% in the trailing four quarters.
Zacks Rank: Currently Ball Corporation has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.
Market Reaction: Shares remained flat in pre-market trading following the release, at the time of this write-up.
Check back later for our full write up on this Ball Corporation earnings report later!
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Ball Corporation (BLL) Beats Q4 Earnings & Revenue Estimates
Ball Corporation is one of the world’s leading suppliers of metal packaging to the beverage, food, personal care and household products industries. The company delivered adjusted earnings of 60 cents per share in the fourth-quarter 2017. Earnings came ahead of the Zacks Consensus Estimate of 52 cents.
Revenue: Ball Corporation beat revenues in the fourth quarter. The company posted revenues of $2.747 billion, which surpassed the Zacks Consensus Estimate for revenues of $2.658 billion.
Outlook: Ball Corporation provided its financial goals for 2018. The company expects its free cash flow will be around $900 million and capital spending will be at least $600 million.
Ball Corporation remains optimistic about U.S. Tax Cuts and Jobs Act's potential which should benefit its end markets. The company estimates that the Act will reduce its global effective tax rate on comparable earnings from approximately 25% in 2017 to around 23% in 2018. Further, its synergy capture plans remain on track. Notably, Ball Corporation reaffirms that its comparable EBITDA will be $2 billion and free cash flow will be in excess of $1 billion in 2019.
Estimate Trend & Surprise History: You should note that the earnings estimate revisions for Ball Corporation have remained stable prior to the earnings release. The Zacks Consensus Estimate currently stands at 52 cents for the fourth quarter.
Ball Corporation’s earnings surprise history is not impressive. The company has missed the Zacks Consensus Estimate in the last reported quarter. Moreover, it posted an average negative surprise of 1.05% in the trailing four quarters.
Ball Corporation Price and EPS Surprise
Ball Corporation Price and EPS Surprise | Ball Corporation Quote
Zacks Rank: Currently Ball Corporation has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.
Market Reaction: Shares remained flat in pre-market trading following the release, at the time of this write-up.
Check back later for our full write up on this Ball Corporation earnings report later!
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>