Ball Corporation BLL is scheduled to report second-quarter 2021 results on Aug 5, before the opening bell.Q1 PerformanceIn the last reported quarter, Ball Corp’s earnings and revenues increased year over year, reflecting solid global beverage-can volume growth. The company also beat the Zacks Consensus Estimate on both counts.The company has a trailing four-quarter average earnings surprise of 10.23%.Q2 EstimatesThe Zacks Consensus Estimate for second-quarter earnings per share is pegged at 83 cents, suggesting growth of 27.6% from the prior-year quarter. The Zacks Consensus Estimate for total sales stands at $3.26 billion, indicating a year-over-year improvement of 16.2%.Price PerformanceShares of Ball Corp have gained 9.8%, in the past year, compared with the industry's rally of 16.9%.Image Source: Zacks Investment ResearchFactors to NoteBall Corp provides key aluminum packaging products and services to consumer-oriented end-markets, such as food and beverages, household and healthcare. Demand for these products has been robust on increased at-home consumption amid the pandemic. In fact, the company has been gaining from strong global beverage-can demand as consumers now prefer cans over glass and plastic. These factors are likely to have favored the second-quarter performance. The company has been focused on improving its efficiency and reducing costs. These initiatives are anticipated to have boosted the company’s margin in the to-be-reported quarter.The Beverage packaging, North and Central America segment is projected to have generated sales of $1,393 million during the June-end quarter, calling for a 9.9% year-over-year increase. Segment operating income is estimated at $188 million compared with the prior-year quarter’s $189 million. Operational efficiency, new customer contracts and solid demand for aluminum beverage packaging are likely to have aided the segment during the quarter to be reported.The Zacks Consensus Estimate for the Beverage packaging, South America segment’s net sales is pegged at $400 million, suggesting growth of 21.5% from the year-ago period. This reflects demand for beverage cans. The segment’s operating income is pinned at $75 million, indicating year-over-year growth of 63%.The Zacks Consensus Estimate for the Beverage packaging, Europe segment’s sales stands at $827 million for the to-be-reported quarter, calling for an improvement of 18.3% from the prior-year quarter. The segment’s operating income is projected at $114 million, suggesting a jump of 81%, year over year. Customers’ increasing demand for cans and investment in incremental capacity in the company’s existing facilities is expected to have contributed to the segment’s performance during the quarter under review.The Aerospace segment’s contracted backlog remained strong at $2.2 billion as of the end of first-quarter 2021. Program execution remains at a high level across the business. The segment continues to win and provide mission-critical programs and technologies to U.S. government, defense, intelligence, reconnaissance and surveillance customers. This is likely to get reflected in the segment’s second-quarter top-line results. The Zacks Consensus Estimate for the Aerospace segment's revenues is pegged at $482 million for the period in discussion, indicating a year-over-year improvement of 10%. The segment’s operating income is projected at $43.2 million, suggesting year-over-year growth of 44.2%.The company might have incurred higher-than-expected start-up costs due to the ongoing capacity-expansion efforts to meet growing demand for cans. Further, incremental costs related to the COVID-19 pandemic are expected to have dampened near-term price/mix. Ball Corp has been importing cans to meet demand until its new plants ramp up, which might have led to higher freight costs. These factors are likely to have weighed on its margins during the quarter to be reported.Ball Corporation Price and EPS Surprise Ball Corporation price-eps-surprise | Ball Corporation QuoteWhat the Zacks Model UnveilsOur proven model does not conclusively predict an earnings beat for Ball Corp this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of a positive surprise. But that’s not the case here.You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Earnings ESP: Ball Corp has an Earnings ESP of -0.95%.Zacks Rank: Currently, the company carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.Stocks Worth a LookHere are some Industrial Products stocks worth considering as these have the right combination of elements to post an earnings beat in their upcoming releases:Flowserve Corporation FLS has an Earnings ESP of +3.58% and carries a Zacks Rank #2, currently.Eos Energy Enterprises, Inc. EOSE, currently a Zacks #3 Ranked stock, has an Earnings ESP of +36.54%.Parker-Hannifin Corporation PH has an Earnings ESP of +1.33% and carries a Zacks Rank of 3, at present. 5 Stocks Set to Double Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ParkerHannifin Corporation (PH): Free Stock Analysis Report Flowserve Corporation (FLS): Free Stock Analysis Report Ball Corporation (BLL): Free Stock Analysis Report Eos Energy Enterprises, Inc. (EOSE): Free Stock Analysis Report To read this article on Zacks.com click here.