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Crown Holdings (NYSE:CCK) unveils its next round of earnings Wednesday. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement
Earnings and Revenue
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Based on management's projections, Crown Holdings analysts model for earnings of $1.57 per share on sales of $2.99 billion.
In the same quarter last year, Crown Holdings posted a profit of $1.12 on sales of $2.16 billion. The Wall Street estimate would represent a 40.18 percent increase in the company's earnings. Revenue would be up 38.36 percent on a year-over-year basis. Here's how the company's EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2018 | Q4 2017 | Q3 2017 | Q2 2017 |
| EPS Estimate | 0.8 | 0.79 | 1.41 | 1.1 |
| EPS Actual | 0.94 | 0.79 | 1.41 | 1.12 |
Stock Performance
Over the last 52-week period, shares are down 24.62 percent. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release. Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The average rating by analysts on Crown Holdings stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.