Preview: Berry Global Group's Earnings

On Friday, July 31, Berry Global Group BERY will release its latest earnings report. Benzinga's outlook for Berry Global Group is included in the following report.

Earnings and Revenue

Berry Global Group earnings will be near $1.15 per share on sales of $2.98 billion, according to analysts. In the same quarter last year, Berry Global Group reported EPS of $0.90 on revenue of $1.94 billion. The analyst consensus estimate would represent a 27.78% increase in the company's earnings. Revenue would be up 1.97% from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2019 Q3 2019
EPS Estimate 1.07 0.53 0.74 1
EPS Actual 1.19 0.56 0.90 0.9
Revenue Estimate 3.04 B 2.90 B 3.12 B 2.03 B
Revenue Actual 2.98 B 2.82 B 3.02 B 1.94 B

Stock Performance

Over the last 52-week period, shares are up 8.96%. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Berry Global Group is scheduled to hold the call at 10:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/emjiz2p4

Posted In: Earnings

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