Crown Holdings, Inc. (CCK) Hits Fresh High: Is There Still Room to Run?

Core Viewpoint - Crown Holdings (CCK) has experienced significant stock performance, with a 13.7% increase over the past month and an 18.3% rise since the beginning of the year, outperforming the Zacks Industrial Products sector and the Zacks Containers - Metal and Glass industry [1] Financial Performance - Crown Holdings reported an EPS of $1.67 in its last earnings report, exceeding the consensus estimate of$1.22, marking a strong record of positive earnings surprises over the last four quarters [2] - For the current fiscal year, Crown is projected to achieve earnings of $7.09 per share on revenues of$12.12 billion, reflecting a 10.61% increase in EPS and a 2.67% increase in revenues [3] - The next fiscal year forecasts earnings of $7.71 per share on$12.42 billion in revenues, indicating year-over-year changes of 8.69% and 2.54%, respectively [3] Valuation Metrics - Crown Holdings has a Value Score of B, with Growth and Momentum Scores of C and B, respectively, resulting in a combined VGM Score of B [6] - The stock trades at 13.8X current fiscal year EPS estimates, aligning with the peer industry average, and at 9.6X trailing cash flow, also matching the peer group's average [7] - The PEG ratio stands at 1.69, which does not position the company among the top tier from a value perspective [7] Zacks Rank - Crown Holdings holds a Zacks Rank of 2 (Buy), supported by favorable earnings estimate revisions from analysts [8] - The combination of a Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B suggests that Crown shares may have potential for further gains [8]