Analyst Consensus ?
ConsensusBuy22 ratings
Bullish1777.3%
Neutral522.7%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
Ball Corporation · BALL · FY2026 Q3 · Calendar Q4 2026
Ball Q3 volume growth remains strong as new capacity adds execution risk
The call supports the view that resilient aluminum-can demand and earnings growth can underpin Ball's outlook: global volumes grew 4.7% year over year and comparable operating earnings rose 2.5%. However, management's analysis did not provide new quarter-specific guidance, and the growth case still depends on executing new capacity and managing integration and startup costs.
Reported Before market openNYSEConsumer Cyclical
$18.02B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $1.07
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $3.78B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-7.1%
Event window
SPY move
+0.3%
Same window
Abnormal move
-7.4%
Stock minus SPY
Volume
1.7×
Versus trailing sessions
Subsequent drift
0.0%
Up to 20 sessions
BALLSPY benchmark
Ask FN2 about BALL FY2026 Q3
Transcript, numbers and history already loaded
What drove BALL's -7.1% move after FY2026 Q3 earnings?What changed in BALL's guidance and outlook in FY2026 Q3?Give me the bull and bear case for BALL after FY2026 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with Q2, the supplied analysis shows Q3 global volume growth rising from 4.3% to 4.7%, while comparable operating earnings increased 2.5%. Management highlighted new Germany and India facilities and a contracted position through 2027; the call analysis reports reaffirmed long-term earnings and EPS growth targets, but no new quarter-specific guidance.
Guidance delta
No new quarter-specific guidance was provided in the supplied analysis. Management reiterated long-term targets of 4–6% earnings growth and 10%+ EPS growth, and confirmed a $800 million capital-return plan for 2026.
Key takeaways
- Global volume growth of 4.7% year over year was ahead of the company's long-term targets, according to the call analysis.
- Comparable operating earnings rose 2.5%; management described earnings and EPS growth as accelerating year to date.
- New multiline facilities in Germany and India expand planned capacity, while Millersburg is expected to reach full capacity in 2027.
- The analysis identifies metal-price volatility, new-facility costs, and the risk of excess European capacity if demand slows.
Management priorities
- Ramp Millersburg to full capacity in 2027 and progress the Germany and India facilities.
- Complete integration of the Hungary and Belgium plants while managing friction costs.
- Pursue EVA-accretive M&A opportunities in aluminum packaging.
- Maintain the stated 2026 capital-return plan.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$63.21Current
$48Low
$69.7Average
$83High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 3, 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 |
|---|---|---|---|---|
| Wells Fargo | Overweight | Overweight | Maintain | Oct 19, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Oct 13, 2026 |
| UBS | Neutral | Neutral | Maintain | Oct 5, 2026 |
| JP Morgan | Overweight | Neutral | Upgrade | Sep 18, 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 $63.21. 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 | +15.5% | Oct 13, 2026 |
| UBS | Analyst unavailable | $63 | $56.37 | -0.3% | Oct 5, 2026 |
| Truist Financial | Analyst unavailable | $78 | $63.64 | +23.4% | Aug 5, 2026 |
| Mizuho Securities | Edlain Rodriguez | $72 | $63.75 | +13.9% | Aug 5, 2026 |
| RBC Capital | Analyst unavailable | $77 | $60.29 | +21.8% | Jul 9, 2026 |
| Raymond James | Matt Roberts | $73 | $64.03 | +15.5% | Apr 21, 2026 |
| Truist Financial | Analyst unavailable | $75 | $63.26 | +18.7% | Feb 4, 2026 |
| UBS | Analyst unavailable | $66 | $63.26 | +4.4% | Feb 4, 2026 |
| Morgan Stanley | Analyst unavailable | $66 | $63.12 | +4.4% | Feb 4, 2026 |
| Mizuho Securities | Analyst unavailable | $70 | $61.77 | +10.7% | Feb 4, 2026 |
| Robert W. Baird | Ghansham Panjabi | $75 | $62.75 | +18.7% | Feb 4, 2026 |
| Wells Fargo | Analyst unavailable | $70 | $61.77 | +10.7% | Feb 4, 2026 |
| RBC Capital | Arun Viswanathan | $67 | $56.03 | +6.0% | Jan 15, 2026 |
| Morgan Stanley | Analyst unavailable | $63 | $53.53 | -0.3% | Jan 8, 2026 |
| Truist Financial | Michael Roxland | $69 | $53.91 | +9.2% | Jan 6, 2026 |
| Wells Fargo | Analyst unavailable | $60 | $53.91 | -5.1% | Jan 6, 2026 |
| Wells Fargo | Gabe Hajde | $48 | $47.58 | -24.1% | Oct 15, 2025 |
| Truist Financial | Analyst unavailable | $65 | $47.4 | +2.8% | Oct 13, 2025 |
| UBS | Joshua Spector | $55 | $50.1 | -13.0% | Oct 6, 2025 |
| Mizuho Securities | Analyst unavailable | $61 | $50.48 | -3.5% | Oct 3, 2025 |
| Loop Capital Markets | Alton Stump | $78 | $51.68 | +23.4% | May 7, 2025 |
| UBS | Joshua Spector | $58 | $52.01 | -8.2% | Jan 10, 2025 |
| RBC Capital | Arun Viswanathan | $75 | $67.29 | +18.7% | Oct 17, 2024 |
| Morgan Stanley | Stefan Diaz | $78 | $63.9 | +23.4% | Sep 4, 2024 |
| Robert W. Baird | Ghansham Panjabi | $70 | $62.2 | +10.7% | Aug 14, 2024 |
| UBS | Joshua Spector | $56 | $62.3 | -11.4% | Jul 17, 2024 |
| Truist Financial | Michael Roxland | $76 | $61.58 | +20.2% | Jun 25, 2024 |
| Wells Fargo | Gabe Hajde | $64 | $62.26 | +1.2% | Jun 20, 2024 |
| Truist Financial | Michael Roxland | $67 | $70.3 | +6.0% | Apr 29, 2024 |
| Jefferies | Philip Ng | $83 | $70.31 | +31.3% | Apr 29, 2024 |
| Barclays | Michael Leithead | $71 | $66.74 | +12.3% | Apr 4, 2024 |
| CFRA | Matthew Miller | $78 | $67.84 | +23.4% | Apr 1, 2024 |
| Morgan Stanley | Angel Castillo | $68 | $64.78 | +7.6% | Mar 18, 2024 |
| RBC Capital | Arun Viswanathan | $74 | $61.88 | +17.1% | Feb 20, 2024 |
| Mizuho Securities | Christopher Parkinson | $59 | $55.06 | -6.7% | Aug 18, 2023 |
| Mizuho Securities | Christopher Parkinson | $74 | $56.36 | +17.1% | 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
All BALL earningsConsumer Cyclical peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| RACE Ferrari N.V. | FY2026 Q3 · Calendar Q4 2026 | — | +2.9% | Ferrari raises 2026 outlook as personalization and demand support Q3 |
| YUM Yum! Brands, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -0.0% | Yum! Brands: Taco Bell recovery and KFC momentum meet transition costs |
| YUMC Yum China Holdings, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +0.5% | Yum China pairs new-store growth with improving restaurant economics |
| APTV Aptiv PLC | FY2026 Q3 · Calendar Q4 2026 | — | -3.8% | Aptiv’s bookings and non-auto expansion offset a cautious automotive outlook |
Latest beats and misses
Who reports nextBeat on EPS
- FANGFY2026 Q3 · November 2, 2026+2.4% EPS-3.7% move
- RRXFY2026 Q3 · November 3, 2026+41.1% EPS+11.8% move
- UDRFY2026 Q3 · November 2, 2026+340.8% EPS+0.1% move
- VNOMFY2026 Q3 · November 2, 2026+3.9% EPS-2.6% move
- EQH-PAFY2026 Q3 · November 2, 2026+14.5% EPS— move
- WMBFY2026 Q3 · November 2, 2026+0.2% EPS+3.5% move
Get the BALL recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-11-03T19:05:05.734242+00:00
- FN2 earnings calendar · 2026-11-03T01:23:13.143323+00:00
- Polygon adjusted daily market bars · 2026-11-03T22:40:45.172988+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-03T22:40:45.170358+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 2026-11-03. For educational purposes only; not investment advice.