Earnings To Watch: Ball (BALL) Reports Q2 Results Tomorrow - The Chronicle-Journal
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Packaging manufacturer Ball ( NYSE: BALL ) will be announcing earnings results this Tuesday before the bell. Here's what you need to know. Ball beat analysts' revenue expectations last quarter, reporting revenues of $3.60 billion, up 16.3% year on year. It was an exceptional quarter for the company, with a beat of analysts' EPS estimates. Is Ball a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting Ball's revenue to grow 9.1% year on year, slowing from the 12.8% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Ball has missed Wall Street's revenue estimates multiple times over the last two years. Looking at Ball's peers in the industrial packaging segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Avery Dennison delivered year-on-year revenue growth of 10.9%, beating analysts' expectations by 7.3%, and Crown Holdings reported revenues up 16.5%, topping estimates by 9.3%. Avery Dennison traded up 1.5% following the results while Crown Holdings was also up 3%. Read our full analysis of Avery Dennison's results here and Crown Holdings's results here. In the last twelve...
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