Crown Holdings's Earnings Outlook

Crown Holdings (NYSE:CCK) is set to give its latest quarterly earnings report on Thursday, 2024-10-17. Here's what investors need to know before the announcement.

Analysts estimate that Crown Holdings will report an earnings per share (EPS) of $1.80.

Anticipation surrounds Crown Holdings's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Performance in Previous Earnings

Last quarter the company beat EPS by $0.23, which was followed by a 8.92% increase in the share price the next day.

Here's a look at Crown Holdings's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.58

0.96

1.43

1.73

EPS Actual

1.81

1.02

1.24

1.73

Price Change %

9.0%

1.0%

-13.0%

6.0%

Tracking Crown Holdings's Stock Performance

Shares of Crown Holdings were trading at $94.1 as of October 15. Over the last 52-week period, shares are up 17.34%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Observations about Crown Holdings

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Crown Holdings.

A total of 13 analyst ratings have been received for Crown Holdings, with the consensus rating being Neutral. The average one-year price target ...