In This Article:
Ardagh Metal Packaging (NYSE:AMBP) Second Quarter 2024 Results
Key Financial Results
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Revenue: US$1.26b (flat on 2Q 2023).
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Net loss: US$4.00m (loss narrowed by 75% from 2Q 2023).
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US$0.007 loss per share (improved from US$0.027 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ardagh Metal Packaging Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Packaging industry in the US.
Performance of the American Packaging industry.
The company's shares are up 4.0% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 3 warning signs for Ardagh Metal Packaging (2 are concerning!) that you need to be mindful of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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