In This Article:
Ardagh Metal Packaging (NYSE:AMBP) First Quarter 2024 Results
Key Financial Results
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Revenue: US$1.14b (flat on 1Q 2023).
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Net loss: US$12.0m (loss widened by 71% from 1Q 2023).
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US$0.03 loss per share (further deteriorated from US$0.012 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ardagh Metal Packaging EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 45%.
Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Packaging industry in the US.
Performance of the American Packaging industry.
The company's shares are up 16% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Ardagh Metal Packaging that you need to be mindful of.
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