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Crown Holdings' (CCK) first-quarter top line reflects the impacts of lower volumes across most businesses, offset by higher beverage can unit volumes in the Americas and Europe.
Crown Holdings had lower profits in the most recent quarter, but profits were still well within expectations. The stock's valuation is average and its growth outlook is modest -- which might mean investors should look elsewhere for strong upside.
The headline numbers for Crown (CCK) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Crown Holdings (CCK) came out with quarterly earnings of $1.02 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $1.20 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for Crown (CCK), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.
Crown (CCK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
TAMPA, Fla. , April 2, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE:CCK) will release its earnings for the first quarter ended March 31, 2024 after the close of trading on the New York Stock Exchange on Monday, April 29, 2024.
Revenue fell as materials cost savings are passed on to customers. Today, investors were disappointed by guidance for flat earnings in 2024.
Crown Holdings' (CCK) fourth-quarter top line reflects the impacts of lower volumes across most businesses, offset by higher beverage can unit volumes in Americas Beverage.