Market Overview

Earnings Outlook for Crown Holdings

Share:

Crown Holdings (NYSE: CCK) will be releasing its next round of earnings this Monday, October 19. For all of the relevant information, here is your guide for Monday's Q3 earnings announcement.

Earnings and Revenue

Based on Crown Holdings management projections, analysts predict EPS of $1.57 on revenue of $3.04 billion. Crown Holdings earnings in the same period a year ago was $1.56 per share. Quarterly sales came in at $3.08 billion. The analyst consensus estimate would represent a 0.64% increase in the company's earnings. Revenue would be down 1.43% from the year-ago period. The company's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 1.30 0.92 0.95 1.56
EPS Actual 1.33 1.13 1.04 1.56
Revenue Estimate 2.78 B 2.73 B 2.72 B 3.19 B
Revenue Actual 2.69 B 2.76 B 2.79 B 3.08 B

Stock Performance

Shares of Crown Holdings were trading at $82.41 as of October 15. Over the last 52-week period, shares are up 19.83%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Crown Holdings is scheduled to hold the call at 09:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/8tsampgw

 

Related Articles (CCK)

View Comments and Join the Discussion!

Posted-In: Earnings