Ball's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Ball Corporation (NYSE: BALL) is expected to release its quarterly earnings report on February 1, 2024, with analysts predicting an EPS of $0.74. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Ball's stock price has reacted to both earnings outcomes and guidance. Last quarter, Ball beat the EPS estimate by $0.03, leading to a 4.87% stock price increase the following day. However, the stock has declined 7.14% over the past year, indicating bearish sentiment among long-term shareholders.
January 31, 2024 | 2:01 pm
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POSITIVE IMPACT
Ball Corporation is anticipated to report quarterly earnings with an expected EPS of $0.74. Positive guidance and an earnings beat could influence the stock price positively, as seen last quarter with a 4.87% rise. However, the annual decline of 7.14% may temper expectations.
The expectation of a positive earnings report and guidance from Ball Corporation could lead to a short-term increase in the stock price, as historical data shows a positive reaction to earnings beats. However, the overall bearish trend over the past year may limit the upside potential.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100