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Ball Corporation (BLL) Q4 Earnings Beats By a Penny

Ball CorporationBLL is one of the world's leading suppliers of metal packaging to the beverage, food, personal care and household products industries. It also supplies aerospace and other technologies and services to government and commercial customers.

Ball Corporation will gain from Rexam acquisition which will help to simplify and streamline its business and is deliver over $300 million in synergies by the end of 2019. Further, additional global aerosol and specialty beverage can growth, momentum in aerospace will aid growth. However, continued weakness at the end-market level for carbonated soft drinks, beer and food remains a concern. Ball Corporation also continues to face headwinds in its China business due to competitive pricing environment. Also, start-up costs for growth projects will remain headwinds for the company's performance in the near term.

Let's have a quick look at the fourth-quarter 2016 earnings release of the company.

Estimate Trend & Surprise History

You should note that the earnings estimate revisions for Ball Corporation depicted a neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained stable over the last 30 days and currently stands at 86 cents for the fourth quarter.

Ball Corporation Price and EPS Surprise

Ball Corporation Price and EPS Surprise | Ball Corporation Quote

Coming to earnings surprise history, Ball Corporation beat the Zacks Consensus Estimate in 3 out of the trailing 4 quarters with an average positive earnings surprise of around 0.65%.

Earnings

Ball Corporation delivered adjusted earnings of 87 cents per share in the fourth-quarter 2016. Earnings beat the Zacks Consensus Estimate of 86 cents.

Revenue

Ball Corporation missed on revenues in the fourth quarter. Ball Corporation posted revenues of $2.516 billion, which marginally fell short of the Zacks Consensus Estimate for revenues of $2.522 billion.

Key Stats

Ball Corporation reaffirmed its long-term financial goals. The company expects to deliver approximately $150 million of synergies from the Rexam acquisition in 2017 with the full amount of at least $300 million expected by the end of 2019.

Zacks Rank

Currently, Ball Corporation has a Zacks Rank #4 (Sell), but that could change following Ball Corporation's earnings report which was just released.

Market Reaction

Ball Corporation's shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.

Check back later for our full write up on this Ball Corporation's earnings report later!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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