Ball (NYSE:BALL) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$2.96b (down 17% from 2Q 2023).

• Net income: US$158.0m (down 8.7% from 2Q 2023).

• Profit margin: 5.3% (up from 4.9% in 2Q 2023).

• EPS: US$0.51 (down from US$0.55 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ball Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 19%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.4% growth forecast for the Packaging industry in the US.

Performance of the American Packaging industry.

The company's shares are up 2.4% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Ball you should be aware of, and 2 of them shouldn't be ignored.

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