Crown Holdings Third Quarter 2024 Earnings: EPS Misses Expectations

Crown Holdings (NYSE:CCK) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$3.07b (flat on 3Q 2023).
• Net loss: US$175.0m (down by 210% from US$159.0m profit in 3Q 2023).
• US$1.47 loss per share (down from US$1.33 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Crown Holdings EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Packaging industry in the US.

Performance of the American Packaging industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for Crown Holdings you should know about.

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