- Ball Corporation’s fourth-quarter comparable EPS was reported at 84 cents, surpassing the estimate of 80 cents.
- Net sales for the quarter were $2.88 billion, slightly below the estimated $2.91 billion.
- In North & Central America, Beverage Packaging net sales reached $1.29 billion, which was below the expected $1.36 billion.
- For the EMEA region, Beverage Packaging net sales were $826 million, exceeding the estimate of $767.5 million.
- South America’s Beverage Packaging net sales were $563 million, falling short of the $609.3 million estimate.
- Beverage Packaging comparable operating earnings in North and Central America were $142 million, underperforming against the $168.2 million estimate.
- In EMEA, Beverage Packaging comparable operating earnings were $90 million, slightly below the estimated $94.6 million.
- Beverage Packaging comparable operating earnings in South America reached $126 million, missing the estimate of $132.1 million.
- The company credits its strong financial position and leaner operating model for meeting 2024 goals and advancing the use of sustainable aluminum packaging.
- Analyst recommendations included 11 buys, 7 holds, and 1 sell.
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Ball on Smartkarma
Ball Corporation has been receiving positive analyst coverage on Smartkarma, an independent investment research network. Baptista Research, a reputable provider on the platform, has published insightful reports on Ball Corporation’s performance. In one report titled “Ball Corporation: Geographic & Sector Diversification Driving Our ‘Outperform’ Rating!”, analysts highlight the company’s net earnings increase to $278 million, driven by strong operational performance and strategic acquisitions. The acquisition of Alucan Entec in Europe has been noted as a strategic move to expand Ball’s capacity and customer base.
In another report by Baptista Research titled “Ball Corporation: A Story Of Growing Market Share in Strategic Geographies!”, analysts discuss Ball Corporation’s second-quarter earnings for 2024. The company showed growth in global beverage can shipments and aerosol shipments, indicating a rising demand for sustainable aluminum packaging solutions. While facing varying regional dynamics, Ball Corporation managed to navigate through challenges in some regions while exceeding expectations in others, showcasing its strategic approach to market fluctuations.
A look at Ball Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Ball Corporation, a company that provides metal packaging for various products, including beverages and foods, has a mixed outlook according to Smartkarma Smart Scores. With an overall assessment of the company’s key factors, Ball receives an average score for both its value and dividend prospects, coming in at a level 3 for each. This indicates a moderate performance in terms of value and dividend potential.
However, the company’s growth, resilience, and momentum scores paint a slightly less optimistic picture, all coming in at a level 2. This suggests that Ball may face challenges in terms of growth, resilience to market fluctuations, and maintaining positive momentum in the coming years. While Ball serves customers globally and offers a range of products including metal packaging and aerospace technologies, its Smartkarma Smart Scores indicate a somewhat subdued long-term outlook for the company.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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