The 10-second takeaway
For the quarter ended March 31 (Q1), Crown Holdings beat slightly on both revenue and earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share improved significantly.
Crown's gross margin and operating margin dropped, while net margin expanded.
Crown Holdings logged revenue of $1.95 billion. The 10 analysts polled by S&P Capital IQ hoped for revenue of $1.92 billion on the same basis. GAAP reported sales were 3.5% higher than the prior-year quarter's $1.88 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 $0.46. The 13 earnings estimates compiled by S&P Capital IQ forecast $0.45 per share. GAAP EPS of $0.46 for Q1 were 360% higher than the prior-year quarter's $0.10 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 16.9%, 70 basis points worse than the prior-year quarter. Operating margin was 9.3%, 80 basis points worse than the prior-year quarter. Net margin was 3.5%, 260 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.30 billion. On the bottom line, the average EPS estimate is $0.87.
Next year's average estimate for revenue is $8.87 billion. The average EPS estimate is $3.03.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 125 members rating the stock outperform and eight members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 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 $42.00.
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