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Ball (BALL)
NYSE:BALL
Holding BALL?
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.81Last Year’s EPS
$0.78Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -12.79%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted a robust financial performance with strong earnings growth across multiple regions, particularly in EMEA and South America, despite volume challenges in North America and Argentina. The commitment to shareholder returns and operational efficiencies were emphasized, although some areas like the cups business and regional volume declines posed challenges.Company Guidance
During the third quarter 2024 earnings call for Ball Corporation, the company provided guidance based on several key financial metrics. Ball anticipates full-year global shipment growth in the low single digits, driven by factors such as operational efficiencies and leveraging well-capitalized plant assets. The company expects to grow full-year comparable diluted EPS by mid-single digits plus, building on a 2023 reported figure of $2.90 per share. Ball also aims to generate strong adjusted free cash flow and return over $1.6 billion to shareholders through share repurchases and dividends. By the end of the third quarter, Ball had already returned approximately $1.4 billion to shareholders. The company is maintaining its year-end 2024 net debt to comparable EBITDA below 2.5x, with a current ratio of 2.2x. Capital expenditures for 2024 are projected to be around $650 million, reflecting a significant reduction from the previous year, while full-year interest expense is expected to be approximately $300 million.Strong Earnings Growth
Third quarter 2024 comparable diluted earnings per share was $0.91, an increase from $0.83 in the third quarter of 2023, marking a 9.6% rise.
Significant Increase in EMEA Performance
EMEA segment volumes were strong with segment comparable operating earnings increasing by 24% year-over-year.
South America Operating Earnings Surge
South America segment comparable operating earnings increased by 28%, despite volume declines due to challenges in Argentina and Brazil.
Shareholder Returns and Financial Health
Returned approximately $1.4 billion to shareholders via share repurchase and dividends year-to-date, with expectations to exceed $1.6 billion by year-end.
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BALL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BALL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $63.98 | $59.06 | -7.69% |
| Aug 01, 2024 | $63.42 | $64.13 | +1.12% |
| Apr 26, 2024 | $64.85 | $69.16 | +6.65% |
| Feb 01, 2024 | $54.76 | $58.68 | +7.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ball (BALL) report earnings?
Ball (BALL) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Ball (BALL) earnings time?
Ball (BALL) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BALL EPS forecast?
BALL EPS forecast for the fiscal quarter 2024 (Q4) is $0.81.
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