Crown Holdings (CCK) Reports Q3 Earnings: Analyzing the Key Metrics

Crown Holdings (CCK - Free Report) has recently announced its earnings for the third quarter ending September 2024. The company reported revenue of $3.07 billion, reflecting a modest year-over-year growth of 0.2%. Additionally, the earnings per share (EPS) for this quarter came in at $1.99, which is an increase from $1.73 in the same period last year.

The revenue figure of $3.07 billion aligns with the Zacks Consensus Estimate, showcasing a small surprise of +0.25%. Furthermore, the company exceeded expectations in terms of EPS as well, achieving a surprise of +9.94%, compared to the consensus estimate of $1.81.

Investors typically analyze the changes in revenue and earnings compared to previous years and the expectations set by Wall Street. This helps them assess the company's performance and determine future actions. However, several key metrics can provide an even clearer picture of the company's financial standing.

These critical metrics can significantly impact both the top line (revenue) and bottom line (earnings). By comparing these figures with last year’s results and analyst projections, stakeholders can make better-informed predictions about the stock's price trajectory.

Key Performance Metrics

Let's take a look at how Crown Holdings performed in the latest quarter, focusing on the critical metrics closely monitored and projected by financial analysts:

• External Sales in Americas Beverage: The company reported $1.37 billion, exceeding the average estimate of $1.33 billion from three analysts, which marks a year-over-year increase of +5.6%.
• External Sales in European Beverage: The revenue stood at $573 million, surpassing the average estimate of $557.99 million based on three analysts. This represents a +6.9% change compared to the previous year.
• External Sales in Transit Packaging: This segment generated $526 million, slightly above the estimated $521.17 million from three analysts, although this reflects a year-over-year decrease of -5.1%.
• External Sales in Other Segments: Sales registered at $323 million, lower than the average estimate of $356.37 million from three analysts, indicating a significant year-over-year decline of -14.3%.
• External Sales in Asia Pacific: The reported figure reached $284 million, falling short of the $293.40 million average estimate based on three analysts. This reflects a -7.5% year-over-year decrease.
• Segment Income - Americas Beverage: The income was $280 million, surpassing the average estimate of $241.94 million from three analysts.
• Segment Income - European Beverage: The segment income totaled $86 million, which is slightly less than the estimated $88.10 million from three analysts.
• Segment Income - Transit Packaging: This amount came in at $70 million, below the average estimate of $80.46 million from three analysts.
• Segment Income - Other Segments: The income was reported at $27 million, which exceeded the average estimate of $20.80 million from three analysts.
• Segment Income - Corporate and Other: The report showed a loss of $41 million, which is more than the estimated loss of $36.67 million from three analysts.
• Segment Income - Asia Pacific: This segment accounted for $50 million, compared to the average estimate of $51.22 million from three analysts.

Stock Performance and Outlook

In recent developments, shares of Crown Holdings have experienced a +1% increase in value over the past month, while the S&P 500 composite index has seen a gain of +3.8%. Currently, Crown Holdings holds a Zacks Rank of #3 (Hold), suggesting that it may perform in line with the wider market in the near future.

In summary, while Crown's latest quarterly revenue and EPS figures are noteworthy, examining the key metrics in comparison to prior year performance and analyst expectations can provide deeper insight into the company's financial health and future prospects.

Crown, Earnings, Q3