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Ahead of Crown (CCK) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics

In its upcoming report, Crown Holdings (CCK) is predicted by Wall Street analysts to post quarterly earnings of $0.96 per share, reflecting a decline of 20% compared to the same period last year. Revenues are forecasted to be $2.93 billion, representing a year-over-year decrease of 1.6%.

The consensus EPS estimate for the quarter has undergone a downward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

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Bearing this in mind, let's now explore the average estimates of specific Crown metrics that are commonly monitored and projected by Wall Street analysts.

Analysts forecast 'External Sales- Americas Beverage' to reach $1.30 billion. The estimate points to a change of +3.4% from the year-ago quarter.

Analysts' assessment points toward 'External Sales- European Beverage' reaching $460.94 million. The estimate indicates a year-over-year change of -3.8%.

The average prediction of analysts places 'External Sales- Transit Packaging' at $538.00 million. The estimate suggests a change of -4.6% year over year.

Based on the collective assessment of analysts, 'Net Sales- Other segments' should arrive at $308.92 million. The estimate points to a change of -7% from the year-ago quarter.

The consensus estimate for 'External Sales- Asia Pacific' stands at $315.32 million. The estimate indicates a change of -6.7% from the prior-year quarter.

The collective assessment of analysts points to an estimated 'Segment Income- Americas Beverage' of $176.45 million. Compared to the current estimate, the company reported $178 million in the same quarter of the previous year.

The consensus among analysts is that 'Segment Income- European Beverage' will reach $36.10 million. Compared to the present estimate, the company reported $45 million in the same quarter last year.

Analysts predict that the 'Segment Income- Transit Packaging' will reach $73.48 million. Compared to the present estimate, the company reported $78 million in the same quarter last year.

Analysts expect 'Segment Income- Other segments' to come in at $15.71 million. Compared to the current estimate, the company reported $27 million in the same quarter of the previous year.

The combined assessment of analysts suggests that 'Segment Income- Asia Pacific' will likely reach $32.98 million. Compared to the present estimate, the company reported $36 million in the same quarter last year.

View all Key Company Metrics for Crown here>>>

Crown shares have witnessed a change of +1.5% in the past month, in contrast to the Zacks S&P 500 composite's -3% move. With a Zacks Rank #3 (Hold), CCK is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

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