Gear Up for Crown (CCK) Q4 Earnings: Wall Street Estimates for Key Metrics
In its upcoming report, Crown Holdings (CCK) is predicted by Wall Street analysts to post quarterly earnings of $1.42 per share, reflecting an increase of 21.4% compared to the same period last year. Revenues are forecasted to be $2.93 billion, representing a year-over-year decrease of 2.8%.
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 reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Crown metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts expect 'External Sales- Americas Beverage' to come in at $1.22 billion. The estimate indicates a change of +1.2% from the prior-year quarter.
According to the collective judgment of analysts, 'External Sales- European Beverage' should come in at $431.57 million. The estimate suggests a change of -4.7% year over year.
Based on the collective assessment of analysts, 'External Sales- Transit Packaging' should arrive at $602.79 million. The estimate indicates a change of +2.5% from the prior-year quarter.
The consensus estimate for 'Net Sales- Other segments' stands at $352.00 million. The estimate indicates a year-over-year change of -3.8%.
Analysts predict that the 'External Sales- Asia Pacific' will reach $329.73 million. The estimate points to a change of -16.5% from the year-ago quarter.
Analysts forecast 'Segment Income- Americas Beverage' to reach $207.84 million. Compared to the current estimate, the company reported $177 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Segment Income- European Beverage' will likely reach $44.40 million. The estimate compares to the year-ago value of $15 million.
The consensus among analysts is that 'Segment Income- Transit Packaging' will reach $74.88 million. Compared to the present estimate, the company reported $71 million in the same quarter last year.
It is projected by analysts that the 'Segment Income- Other segments' will reach $33.39 million. Compared to the current estimate, the company reported $34 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Segment Income- Asia Pacific' of $34.30 million. Compared to the current estimate, the company reported $29 million in the same quarter of the previous year.
View all Key Company Metrics for Crown here>>>
Shares of Crown have demonstrated returns of -1.2% over the past month compared to the Zacks S&P 500 composite's +3.3% change. With a Zacks Rank #3 (Hold), CCK is expected to mirror the overall market performance 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
