Market Overview

Earnings Preview for Berry Global Group

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Berry Global Group (NYSE: BERY) unveils its next round of earnings this Thursday, November 19. Get prepared with Benzinga's ultimate preview for Berry Global Group's Q4 earnings.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Berry Global Group earnings will be near $1.21 per share on sales of $2.97 billion, according to analysts. Berry Global Group EPS in the same period a year ago totaled $0.9. Sales were $3.02 billion.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

The analyst consensus estimate would represent a 34.44% increase in the company's earnings. Sales would be down 1.62% from the year-ago period. Berry Global Group's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2019
EPS Estimate 1.15 1.07 0.53 0.74
EPS Actual 1.52 1.19 0.56 0.90
Revenue Estimate 2.98 B 3.04 B 2.90 B 3.12 B
Revenue Actual 2.91 B 2.98 B 2.82 B 3.02 B

Stock Performance

Over the last 52-week period, shares are up 17.78%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Do not 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.

 

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Posted-In: Earnings