In This Article:
Ardagh Metal Packaging (NYSE:AMBP) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$1.31b (up 1.5% from 3Q 2023).
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Net income: US$18.0m (up 64% from 3Q 2023).
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Profit margin: 1.4% (up from 0.9% in 3Q 2023).
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EPS: US$0.02 (up from US$0.018 in 3Q 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 2.2%. Earnings per share (EPS) also missed analyst estimates by 44%.
Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Packaging industry in the US.
Performance of the American Packaging industry.
The company's shares are down 5.6% from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with Ardagh Metal Packaging (including 2 which are concerning).
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