Earnings To Watch: Crown Holdings (CCK) Reports Q2 Results Tomorrow

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Metal packaging products manufacturer Crown Holdings (NYSE: CCK) will be announcing earnings results this Monday afternoon. Here’s what to look for.

Crown Holdings beat analysts’ revenue expectations last quarter, reporting revenues of $3.26 billion, up 12.9% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and full-year EPS guidance meeting analysts’ expectations.

Is Crown Holdings a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Crown Holdings’s revenue to grow 6.6% year on year, improving from the 3.6% increase it recorded in the same quarter last year.

Crown Holdings Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Crown Holdings rarely misses Wall Street’s revenue estimates.

Looking at Crown Holdings’s peers in the industrials segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Apogee’s revenues decreased 1.1% year on year, beating analysts’ expectations by 3.4%, and GE Aerospace reported revenues up 24.5%, topping estimates by 6%. GE Aerospace traded down 3.2% following the results.

Read our full analysis of Apogee’s results here and GE Aerospace’s results here.

Over the past year, investors have repeatedly shifted their focus from one macro narrative to another (AI disruption and AI capex spending to geopolitics, interest rates, and the broader health of the economy). While some of the industrials stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.9% on average over the last month. Crown Holdings is up 13.4% during the same time and is heading into earnings with an average analyst price target of $128.14 (compared to the current share price of $117).

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