Analyst Consensus ?
ConsensusBuy22 ratings
Bullish1777.3%
Neutral522.7%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
Ball Corporation · BALL · FY2024 Q3 · Calendar Q4 2024
Ball maintains outlook as efficiency gains offset regional softness
Ball's current analysis supports a cautiously constructive operating thesis: efficiency gains, sustainable aluminum demand, and volume recovery could support earnings, but regional softness, capacity constraints, and the cups review remain material counterweights.
Reported Before market openNYSEConsumer Cyclical
$16.90B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.91
Consensus $0.87
EPS surprise
+4.6%
Reported versus consensus
Reported revenue
$3.08B
Consensus $3.13B
Revenue surprise
-1.6%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-7.7%
Event window
SPY move
-2.0%
Same window
Abnormal move
-5.7%
Stock minus SPY
Volume
2.1×
Versus trailing sessions
Subsequent drift
+4.9%
Up to 20 sessions
BALLSPY benchmark
Ask FN2 about BALL FY2024 Q3
Transcript, numbers and history already loaded
Why did BALL fall 7.7% after beating EPS estimates in FY2024 Q3?What changed in BALL's guidance and outlook in FY2024 Q3?Give me the bull and bear case for BALL after FY2024 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the current analysis adds the Alucan Entec acquisition, highlights Brazil capacity constraints, and places greater emphasis on the cups business's strategic review. The outlook is described as maintained, while the analysis points to continued cost reduction and efficiency work.
Guidance delta
Management maintained the full-year outlook; the analysis also describes a 10%+ comparable EPS-growth target for 2025.
Key takeaways
- The analysis describes Q3 as solid, with operational performance and price/mix benefits supporting results.
- Management emphasized cost reduction, plant efficiency, and sustainable aluminum packaging.
- Brazil capacity constraints and softer North American and Argentine demand remain execution risks.
- The cups business is under strategic review, including possible alternatives or divestiture.
- The Alucan Entec acquisition is intended to expand European extruded aluminum capacity.
Management priorities
- Execute the cost-reduction program and plant-efficiency initiatives.
- Keep capital spending focused on efficiency upgrades.
- Address Brazil capacity constraints ahead of peak season.
- Evaluate strategic alternatives for the cups business.
- Use the Alucan Entec acquisition to expand European extruded aluminum offerings.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$63.84Current
$48Low
$69.7Average
$83High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 20, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| RBC Capital | Outperform | Outperform | Maintain | Oct 13, 2026 |
| UBS | Neutral | Neutral | Maintain | Oct 5, 2026 |
| JP Morgan | Overweight | Neutral | Upgrade | Sep 18, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Aug 5, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jul 14, 2026 |
| Citigroup | Buy | Buy | Maintain | Jul 9, 2026 |
| Truist Securities | Buy | Buy | Maintain | Apr 15, 2026 |
| Deutsche Bank | Buy | Hold | Upgrade | Apr 1, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Feb 4, 2026 |
| Jefferies | Buy | Buy | Maintain | Feb 4, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | May 14, 2025 |
| Loop Capital | Buy | Buy | Maintain | May 7, 2025 |
| Morgan Stanley | Overweight | Overweight | Maintain | Feb 5, 2025 |
| Baird | Outperform | Outperform | Maintain | Feb 5, 2025 |
| Credit Suisse | Neutral | Outperform | Downgrade | Sep 13, 2023 |
| BMO Capital | Outperform | Outperform | Maintain | Nov 10, 2022 |
| Atlantic Equities | Neutral | Overweight | Downgrade | Aug 5, 2022 |
| Goldman Sachs | Buy | Neutral | Upgrade | Mar 24, 2020 |
| Bank of America | Buy | Buy | Maintain | Nov 2, 2018 |
| KeyBanc | Underweight | Upgrade | Feb 12, 2018 | |
| Vertical Research | Buy | Hold | Upgrade | Dec 15, 2017 |
| Macquarie | Outperform | Neutral | Upgrade | Nov 10, 2015 |
| Longbow Research | Neutral | Buy | Downgrade | Dec 17, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $63.84. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| RBC Capital | Analyst unavailable | $73 | $59.19 | +14.3% | Oct 13, 2026 |
| UBS | Analyst unavailable | $63 | $56.37 | -1.3% | Oct 5, 2026 |
| Truist Financial | Analyst unavailable | $78 | $63.64 | +22.2% | Aug 5, 2026 |
| Mizuho Securities | Edlain Rodriguez | $72 | $63.75 | +12.8% | Aug 5, 2026 |
| RBC Capital | Analyst unavailable | $77 | $60.29 | +20.6% | Jul 9, 2026 |
| Raymond James | Matt Roberts | $73 | $64.03 | +14.3% | Apr 21, 2026 |
| Truist Financial | Analyst unavailable | $75 | $63.26 | +17.5% | Feb 4, 2026 |
| UBS | Analyst unavailable | $66 | $63.26 | +3.4% | Feb 4, 2026 |
| Morgan Stanley | Analyst unavailable | $66 | $63.12 | +3.4% | Feb 4, 2026 |
| Mizuho Securities | Analyst unavailable | $70 | $61.77 | +9.6% | Feb 4, 2026 |
| Robert W. Baird | Ghansham Panjabi | $75 | $62.75 | +17.5% | Feb 4, 2026 |
| Wells Fargo | Analyst unavailable | $70 | $61.77 | +9.6% | Feb 4, 2026 |
| RBC Capital | Arun Viswanathan | $67 | $56.03 | +4.9% | Jan 15, 2026 |
| Morgan Stanley | Analyst unavailable | $63 | $53.53 | -1.3% | Jan 8, 2026 |
| Truist Financial | Michael Roxland | $69 | $53.91 | +8.1% | Jan 6, 2026 |
| Wells Fargo | Analyst unavailable | $60 | $53.91 | -6.0% | Jan 6, 2026 |
| Wells Fargo | Gabe Hajde | $48 | $47.58 | -24.8% | Oct 15, 2025 |
| Truist Financial | Analyst unavailable | $65 | $47.4 | +1.8% | Oct 13, 2025 |
| UBS | Joshua Spector | $55 | $50.1 | -13.8% | Oct 6, 2025 |
| Mizuho Securities | Analyst unavailable | $61 | $50.48 | -4.4% | Oct 3, 2025 |
| Loop Capital Markets | Alton Stump | $78 | $51.68 | +22.2% | May 7, 2025 |
| UBS | Joshua Spector | $58 | $52.01 | -9.1% | Jan 10, 2025 |
| RBC Capital | Arun Viswanathan | $75 | $67.29 | +17.5% | Oct 17, 2024 |
| Morgan Stanley | Stefan Diaz | $78 | $63.9 | +22.2% | Sep 4, 2024 |
| Robert W. Baird | Ghansham Panjabi | $70 | $62.2 | +9.6% | Aug 14, 2024 |
| UBS | Joshua Spector | $56 | $62.3 | -12.3% | Jul 17, 2024 |
| Truist Financial | Michael Roxland | $76 | $61.58 | +19.0% | Jun 25, 2024 |
| Wells Fargo | Gabe Hajde | $64 | $62.26 | +0.3% | Jun 20, 2024 |
| Truist Financial | Michael Roxland | $67 | $70.3 | +4.9% | Apr 29, 2024 |
| Jefferies | Philip Ng | $83 | $70.31 | +30.0% | Apr 29, 2024 |
| Barclays | Michael Leithead | $71 | $66.74 | +11.2% | Apr 4, 2024 |
| CFRA | Matthew Miller | $78 | $67.84 | +22.2% | Apr 1, 2024 |
| Morgan Stanley | Angel Castillo | $68 | $64.78 | +6.5% | Mar 18, 2024 |
| RBC Capital | Arun Viswanathan | $74 | $61.88 | +15.9% | Feb 20, 2024 |
| Mizuho Securities | Christopher Parkinson | $59 | $55.06 | -7.6% | Aug 18, 2023 |
| Mizuho Securities | Christopher Parkinson | $74 | $56.36 | +15.9% | Aug 5, 2022 |
Track every rating change on BALL the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationBall Corporation serves as a global provider of aluminum packaging solutions for a broad spectrum of industries, including beverages, personal care items, and household goods. Its extensive reach covers the United States, Brazil, and numerous international markets. The company's operations are strategically divided into four primary business segments: Beverage Packaging for North and Central America; Beverage Packaging for Europe, the Middle East, and Africa; Beverage Packaging for South America; and its dedicated Aerospace division. Within its packaging enterprise, Ball is a key manufacturer and supplier of aluminum beverage containers, catering to producers of carbonated soft drinks, beer, energy drinks, and other liquid products. Its product line also encompasses extruded aluminum aerosol containers, innovative reclosable aluminum bottles, aluminum cups, and aluminum slugs. Beyond packaging, Ball Corporation maintains a substantial presence in the aerospace sector.…
Historical context
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-10T18:38:36.707185+00:00
- Polygon adjusted daily market bars · 2026-10-20T02:20:45.509852+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-20T02:20:45.506564+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-20. For educational purposes only; not investment advice.