Ball: Mixed Q2, Inflated Valuation
Ball Corporation (BLL), a packaging industry heavyweight with a complex portfolio structure, has recently released its Q2 results. The presented figures revealed that Wall Street was too optimistic, as both sales and profits came below expectations. The only metric that was in-line with pundits consensus forecast was adjusted EPS. There was only a lukewarm response from traders, as the stock price lost only less than 1% and recovered all the losses on August 7.
The top line
As the pandemic app…
