Wall Street analysts expect Crown Holdings (CCK) to post quarterly earnings of $2.25 per share in its upcoming report, which indicates a year-over-year increase of 0.5%. Revenues are expected to be $3.39 billion, up 5.7% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Crown metrics that Wall Street analysts commonly model and monitor.
The combined assessment of analysts suggests that 'External Sales- Americas Beverage' will likely reach $1.60 billion. The estimate indicates a change of +13.3% from the prior-year quarter.
Analysts predict that the 'External Sales- European Beverage' will reach $681.57 million. The estimate points to a change of +3.6% from the year-ago quarter.
Analysts forecast 'External Sales- Transit Packaging' to reach $522.76 million. The estimate points to a change of +1.1% from the year-ago quarter.
According to the collective judgment of analysts, 'External Sales- Other segments' should come in at $365.29 million. The estimate indicates a year-over-year change of +4.1%.
The average prediction of analysts places 'External Sales- Asia Pacific' at $283.63 million. The estimate indicates a year-over-year change of +9.5%.
Based on the collective assessment of analysts, 'Segment Income- Americas Beverage' should arrive at $259.49 million. Compared to the present estimate, the company reported $255.00 million in the same quarter last year.
The consensus estimate for 'Segment Income- European Beverage' stands at $111.49 million. Compared to the present estimate, the company reported $109.00 million in the same quarter last year.
It is projected by analysts that the 'Segment Income- Transit Packaging' will reach $66.80 million. Compared to the present estimate, the company reported $70.00 million in the same quarter last year.
Analysts expect 'Segment Income- Other segments' to come in at $39.22 million. Compared to the current estimate, the company reported $51.00 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Segment Income- Asia Pacific' of $43.17 million. Compared to the present estimate, the company reported $44.00 million in the same quarter last year.
View all Key Company Metrics for Crown here>>>Shares of Crown have experienced a change of -2.1% in the past month compared to the +2.1% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), CCK is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Crown Holdings, Inc. (CCK): Free Stock Analysis Report
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