News

For the quarter ended December 2023, Crown Holdings (CCK) reported revenue of $2.86 billion, down 5.1% over the same period last year. EPS came in at $1.24, compared to $1.17 in the year-ago quarter.

The reported revenue represents a surprise of -2.37% over the Zacks Consensus Estimate of $2.93 billion. With the consensus EPS estimate being $1.42, the EPS surprise was -12.68%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Crown performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• External Sales- Americas Beverage: $1.30 billion compared to the $1.20 billion average estimate based on three analysts. The reported number represents a change of +7.4% year over year.
• External Sales- European Beverage: $392 million compared to the $431.57 million average estimate based on three analysts. The reported number represents a change of -13.5% year over year.
• External Sales- Transit Packaging: $541 million compared to the $598.87 million average estimate based on three analysts. The reported number represents a change of -8% year over year.
• Net Sales- Other segments: $306 million versus the three-analyst average estimate of $352 million. The reported number represents a year-over-year change of -16.4%.
• External Sales- Asia Pacific: $320 million versus $329.73 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -19% change.
• Segment Income- Americas Beverage: $255 million versus $206.47 million estimated by three analysts on average.
• Segment Income- European Beverage: $18 million compared to the $44.05 million average estimate based on three analysts.
• Segment Income- Transit Packaging: $75 million compared to the $74.32 million average estimate based on three analysts.
• Segment Income- Other segments: $17 million versus $33.17 million estimated by three analysts on average.
• Segment Income- Corporate and other: -$30 million versus -$31.72 million estimated by three analysts on average.
• Segment Income- Asia Pacific: $47 million versus the three-analyst average estimate of $34.08 million.

View all Key Company Metrics for Crown here>>>

Shares of Crown have returned -2.4% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Top 5 ChatGPT Stocks Revealed

Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.

Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”

Download Free ChatGPT Stock Report Right Now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.