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Bear Of The Day: Ball Corp (BLL)

By Zacks Investment ResearchStock MarketsDec 19, 2017 01:13AM ET
www.investing.com/analysis/bear-of-the-day-ball-corp-bll-200274516
Bear Of The Day: Ball Corp (BLL)
By Zacks Investment Research   |  Dec 19, 2017 01:13AM ET
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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

Ball Corporation Price and Consensus

Ball Corporation Price and Consensus | Ball Corporation Quote

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Ball Corporation (BLL): Free Stock Analysis Report

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Bear Of The Day: Ball Corp (BLL)
 

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Bear Of The Day: Ball Corp (BLL)

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