On July 22, Crown Holdings rose 5.45% in regular trading, trading at $120.81/share, with turnover of $123 million. The rally was driven by the company's Q2 earnings release after the prior session's close, which significantly exceeded Wall Street expectations on all key metrics.

Crown Holdings reported Q2 adjusted EPS of $2.49, up from $2.15 a year earlier and well above the analyst consensus estimate of $2.16 — a beat of approximately 15%. Revenue rose to $3.67 billion from $3.15 billion year-over-year, surpassing expectations of $3.37 billion by nearly 9%. The company also raised its full-year adjusted EPS guidance to $8.30–$8.50, up from the prior range of $7.90–$8.30, compared with the analyst consensus of $8.12. For Q3, Crown guided adjusted EPS of $2.20–$2.30, in line with expectations. Notably, the company has beaten estimates for multiple consecutive quarters, with Q1 adjusted EPS also exceeding consensus by 7.5%. Additionally, Crown projected full-year adjusted free cash flow of at least $900 million. BofA Securities recently raised its price target on Crown to $145 from $129, maintaining a Buy rating.

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