Ball CorporationNYSE: BALL
Materials · Metal, Glass & Plastic Containers
$57.83
+0.19%
Vol: 1.7M
Research Digest
Friday, June 19, 2026
Ball Corp Q1 2026 EPS of $0.94 beat estimates by 12% but stock slipped 4% post-earnings as RBC and UBS trimmed price targets.
Ball Corporation reported Q1 2026 EPS of $0.94 versus consensus of $0.84 and revenue of $3.6 billion versus the $3.34 billion forecast, representing 16.3% revenue growth year-over-year. Despite the beat, the stock fell 4.14% in pre-market trading reflecting broader market concerns. The company reaffirmed 10%+ comparable EPS growth for full-year 2026 and expects free cash flow above $900 million. Capital expenditures are guided to approximately $600 million for 2026, with about $210 million in dividends planned. RBC Capital lowered its price target to $71 from $74 (Outperform) and UBS cut to $64 from $66 (Neutral), adding near-term valuation pressure.
Previous Market Intelligence
13 daysJun 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 20Ball Corp upgraded to Overweight by JPMorgan on May 18 following a Q1 beat with revenue up 16% and comparable EPS rising 22% to $0.94.Positive▶
Ball Corporation reported strong Q1 2026 results on May 5, with revenue of $3.60 billion (up 16.3% YoY versus $3.43B expected) and comparable EPS of $0.94 (up 22.1% YoY versus $0.86 consensus). GAAP net earnings came in at $205 million or $0.77 per diluted share. Growth was driven by solid global beverage can demand, especially in North America and Europe, plus improved pricing and operating efficiency. Management reaffirmed full-year guidance of more than 10% EPS growth, over $900 million in free cash flow, and continued share repurchases. On May 18, JPMorgan upgraded Ball to Overweight from Neutral, and Truist Financial reiterated a Buy rating. Despite the headline beats, the stock slipped in pre-market trading by about 1.7% as investors focused on incremental 2026 startup and corporate costs that could pressure near-term margins. Consensus PT of $71.38 implies roughly 26% upside.
May 19Ball Q1 2026 comparable EPS rises 22% to $0.94 on $3.60B revenue (+16% YoY); JPMorgan upgrades to Overweight while UBS cuts PT to $64Mixed▶
Ball Corporation reported Q1 2026 results on May 5 with comparable EPS of $0.94 (up 22% YoY) on revenue of $3.60B (up 16.3%), both beating consensus. GAAP net earnings were $205M ($0.77 EPS) versus $179M ($0.63) prior year. Growth was driven by solid global beverage can demand in North America and Europe with improved pricing and operational efficiencies. Management reaffirmed full-year 2026 outlook for >10% EPS growth and >$900M free cash flow, with continued aggressive share repurchases. JPMorgan upgraded Ball to Overweight from Neutral following the print. UBS maintained Neutral while cutting its PT to $64 from $66, citing 2026 startup/corporate costs. Mean Street PT is $71.38 (~26% upside); street-high is $77. Stock dipped ~1.7% pre-market post-print as investors focused on near-term cost headwinds.
May 18Ball Corp reported Q1 2026 comparable EPS of $0.94 (+22% YoY) beating $0.86 estimates on $3.6B revenue, but stock dipped 1.7% on cautious 2026 cost commentary including $35M Millersburg startup costs.Mixed▶
Ball Corporation reported Q1 2026 results on May 5 with net earnings of $205M ($0.77 GAAP EPS) and comparable EPS of $0.94, beating $0.86 estimates by ~10%. Revenue of $3.60B beat $3.43B consensus, with comparable EPS growing more than 20% YoY on higher volumes and operating earnings. The company reaffirmed its plan for 10%-plus EPS growth and FCF above $900M in 2026, but flagged $35M of Millersburg facility startup costs, U.S. domestication of ends expense, and elevated corporate cost expectations. The stock declined 1.7% in pre-market as investors focused on cost headwinds and cash-flow seasonality. Consensus rating is Moderate Buy with average PT of $71.38 (~26% upside) and street-high of $77.
May 15Ball Corp beat Q1 with comparable EPS of $0.94 (+22% YoY) on $3.60B revenue, but shares slid 6.3% as investors focused on 2026 cost headwinds.Mixed▶
Ball Corporation reported Q1 2026 net earnings of $205 million ($0.77 GAAP diluted EPS) on sales of $3.60 billion, up from $179 million and $3.10 billion year-ago. Comparable EPS rose more than 20% to $0.94, beating the $0.86 consensus, on revenue beating the $3.43B consensus. The company backed its plan for 10%+ EPS growth and free cash flow above $900M in 2026. Despite the beat, shares fell 6.3% on the day as investors viewed the result as "good quarter, but not a big enough outlook change" amid near-term cost headwinds. Among 15 analysts, the consensus is Moderate Buy with mean price target of $71.38 (26.4% upside) and street-high of $77.
May 14Ball Corp posts Q1 EPS beat but stock dips on cautious guidance; UBS cuts price target to $64Mixed▶
Ball Corporation reported Q1 2026 results on May 5, 2026 with comparable EPS of $0.94 (vs $0.86 est., +22% YoY) and revenue of $3.60B (vs $3.43B est.). Comparable operating earnings reached $387M, supporting management's plan for 10%+ EPS growth and free cash flow above $900M in 2026. Despite the beat, pre-market shares dipped 1.7% on cautious 2026 outlook commentary. On May 7, UBS lowered its price target to $64 from $66. Full-year analyst consensus calls for $14.21B revenue and $4.05 EPS, with Q2 2026 consensus at $3.65B and $1.02 EPS. Risks include aluminum cost inflation, beverage demand softness, and tariff exposure.
May 13Ball Corp beat Q1 2026 estimates with EPS of $0.94 (up 22%) and revenue of $3.60B, but stock dipped 1.7% on 2026 cost headwinds and cash-flow timingMixed▶
Ball Corporation reported Q1 2026 results on May 5, with comparable net earnings of $251 million ($0.94 per diluted share), up from $0.77 a year ago, and revenue of $3.60 billion that exceeded the consensus of $3.43 billion. The Beverage Packaging North/Central America segment delivered comparable operating earnings of $205 million on sales of $1.78 billion. Despite the beat, shares dipped 1.7% in pre-market as investors focused on near-term cost headwinds, cash-flow seasonality, and incremental 2026 startup and corporate costs. The company reaffirmed its plan for 10%+ comparable EPS growth, free cash flow above $900 million in 2026, and plans to repurchase at least $600 million of shares, bringing total capital return to shareholders to $800 million. Year-end 2026 net debt to comparable EBITDA is targeted around 2.7x.
May 12No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| BALLBALL | $57.83 | +0.19% | +4.0% | 14.0x | 0.99 | $16.9B |
| LINLINDE | $512.15 | -0.72% | +6.0% | 27.7x | 0.72 | $252.7B |
| NEMNEWMONT | $104.04 | -1.54% | +3.2% | 8.6x | 0.48 | $103.6B |
| FCXFREEPORT | $68.84 | -0.32% | -1.4% | 15.4x | 1.36 | $87.6B |
| SHWSHERWIN | $321.36 | +2.41% | +5.8% | 26.6x | 1.10 | $86.9B |
| ECLECOLAB | $269.94 | +0.33% | +2.6% | 29.6x | 0.90 | $79.7B |
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