Crown Holdings (NYSE: CCK ) is expected to report Q3 earnings on Oct. 17. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Crown Holdings's revenues will wane -1.3% and EPS will contract 0.0%.
The average estimate for revenue is $2.39 billion. On the bottom line, the average EPS estimate is $1.01.
Last quarter, Crown Holdings reported revenue of $2.18 billion. GAAP reported sales were 4.3% lower than the prior-year quarter's $2.28 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.84. GAAP EPS of $0.89 for Q2 were 7.2% higher than the prior-year quarter's $0.83 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 17.6%, 60 basis points worse than the prior-year quarter. Operating margin was 11.4%, 50 basis points worse than the prior-year quarter. Net margin was 6.1%, 40 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $8.65 billion. The average EPS estimate is $2.93.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 132 members out of 140 rating the stock outperform, and eight members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Crown Holdings a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Crown Holdings is outperform, with an average price target of $42.45.
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