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Ball Corporation (NYSE:BLL) is a Zacks Rank #5 (Strong Sell) and today it is the Bear of the Day. Let's take a look at why this stock is the Bear and a holder of the lowest Zacks Rank.
Description
Ball Corporation supplies metal packaging products to the beverage, food, personal care, and household industries. The company was founded in 1880 and is headquartered in Broomfield, Colorado.
Earnings History
On November 2, the company missed the Zacks Consensus Estimate by 7 cents for an 11% negative earnings surprise. This was the second quarter in a row that the company missed the Zacks Consensus Estimate.
Prior to the two misses, the company beat the Zacks Consensus Estimate two straight times, so the earnings history is 50/50 over the last four reports.
Estimate Revisions
This is the main reason the stock is a Zacks Rank #5 (Strong Sell) and the Bear of the Day. Earnings Estimate have fallen for this company following the two misses.
The Zacks Consensus Estimate for 2017 has fallen from $2.04 to $1.95 over the last 90 days.
The Zacks Consensus Estimate for 2018 has fallen from $2.40 to $2.24 over the same time period.
When estimates move lower, the stock tends to follow. The price and consensus chart shows that below.
Chart
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