Crown Holdings (NYSE:CCK) reported its Q4 earnings results on Tuesday, February 8, 2022 at 04:30 PM.
Here's what investors need to know about the announcement.
Earnings
Crown Holdings beat estimated earnings by 7.79%, reporting an EPS of $1.66 versus an estimate of $1.54.
Revenue was up $92.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06, which was followed by a 0.17% increase in the share price the next day.
Here's a look at Crown Holdings's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.97 | 1.78 | 1.39 | 1.27 |
| EPS Actual | 2.03 | 2.14 | 1.83 | 1.50 |
| Revenue Estimate | 2.90B | 2.97B | 2.98B | 2.87B |
| Revenue Actual | 2.92B | 2.86B | 3.08B | 2.96B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Crown Holdings management provided guidance for their next quarter, expecting earnings between $1.8 and $1.9 per share for the next quarter.
This represents a 11.45% in quarter-over-quarter growth for Crown Holdings, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
