Advertisement
Canada markets close in 4 hours 9 minutes

  • S&P/TSX

    22,731.99
    -256.29 (-1.11%)
     

  • S&P 500

    5,412.40
    -91.01 (-1.65%)
     

  • DOW

    40,358.89
    -396.86 (-0.97%)
     

  • CAD/USD

    0.7371
    -0.0035 (-0.48%)
     

  • CRUDE OIL

    67.91
    -1.24 (-1.79%)
     

  • Bitcoin CAD

    73,536.44
    -2,560.81 (-3.37%)
     

  • XRP CAD

    0.71
    -0.03 (-3.92%)
     

  • GOLD FUTURES

    2,539.90
    -3.20 (-0.13%)
     

  • RUSSELL 2000

    2,096.16
    -35.90 (-1.68%)
     

  • 10-Yr Bond

    3.6740
    -0.0570 (-1.53%)
     

  • NASDAQ

    16,697.98
    -429.68 (-2.51%)
     

  • VOLATILITY

    22.96
    +3.06 (+15.38%)
     

  • FTSE

    8,169.08
    -72.63 (-0.88%)
     

  • NIKKEI 225

    36,391.47
    -265.62 (-0.72%)
     

  • CAD/EUR

    0.6645
    -0.0018 (-0.27%)
     
MARKETS LIVE BLOG:

STOCKS PULL BACK AFTER U.S. JOBS REPORT SHOWS MORE COOLING

Print shifts expectations for Fed to enact a more sizeable cut at its meeting in under two weeks

Crown Holdings (CCK) Q2 Earnings: What To Expect

Adam Hejl
·2 min read
CCK Cover Image
Crown Holdings (CCK) Q2 Earnings: What To Expect

Metal packaging products manufacturer Crown Holdings (NYSE:CCK) will be announcing earnings results tomorrow after market close. Here's what you need to know.

Crown Holdings missed analysts' revenue expectations by 5.1% last quarter, reporting revenues of $2.78 billion, down 6.4% year on year. It was a weaker quarter for the company, with a miss of analysts' constant currency revenue estimates.

Is Crown Holdings a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Crown Holdings's revenue to decline 1.4% year on year to $3.06 billion, improving from the 11.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.59 per share.

Crown Holdings Total Revenue
Crown Holdings Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

Looking at Crown Holdings's peers in the industrials segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Badger Meter delivered year-on-year revenue growth of 23.2%, beating analysts' expectations by 6.5%, and Apogee reported a revenue decline of 8.3%, in line with consensus estimates. Apogee traded up 6.6% following the results.

Read our full analysis of Badger Meter's results here and Apogee's results here.

There has been positive sentiment among investors in the industrials segment, with share prices up 4.5% on average over the last month. Crown Holdings is down 2% during the same time and is heading into earnings with an average analyst price target of $95.4 (compared to the current share price of $77.58).

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link.