Ball Corp. Beats Analyst Estimates on EPS
BallCorp. (NYS: BLL) reported earnings on May 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 1 (Q1), Ball met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share grew.
Margins dropped across the board.
Ball chalked up revenue of $2.04 billion. The 10 analysts polled by S&P Capital IQ foresaw revenue of $2.04 billion on the same basis. GAAP reported sales were 1.6% higher than the prior-year quarter's $2.01 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.63. The 13 earnings estimates compiled by S&P Capital IQ averaged $0.59 per share. GAAP EPS of $0.55 for Q1 were 3.8% higher than the prior-year quarter's $0.53 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 17.4%, 150 basis points worse than the prior-year quarter. Operating margin was 9.1%, 120 basis points worse than the prior-year quarter. Net margin was 4.3%, 20 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.36 billion. On the bottom line, the average EPS estimate is $0.88.
Next year's average estimate for revenue is $8.92 billion. The average EPS estimate is $3.11.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 238 members out of 250 rating the stock outperform, and 12 members rating it underperform. Among 86 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 83 give Ball a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ball is outperform, with an average price target of $42.90.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.