The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Crown Holdings missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share expanded significantly.
Gross margins shrank, operating margins contracted, net margins expanded.
Crown Holdings tallied revenue of $2.30 billion. The 10 analysts polled by S&P Capital IQ hoped for revenue of $2.39 billion on the same basis. GAAP reported sales were 5.0% lower than the prior-year quarter's $2.42 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.00. The 13 earnings estimates compiled by S&P Capital IQ anticipated $1.01 per share. GAAP EPS of $2.20 for Q3 were 162% higher than the prior-year quarter's $0.84 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 18.0%, 30 basis points worse than the prior-year quarter. Operating margin was 12.0%, 40 basis points worse than the prior-year quarter. Net margin was 14.1%, 880 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.11 billion. On the bottom line, the average EPS estimate is $0.61.
Next 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 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 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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