BERY Stock Recent News
BERY LATEST HEADLINES
Berry Global (BERY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
EVANSVILLE, Ind.--(BUSINESS WIRE)--Berry Global Group, Inc. (NYSE: BERY), announced today that it will release its second fiscal quarter 2024 results on Thursday, May 9, 2024, before trading begins on the New York Stock Exchange. At 10 a.m. Eastern Time on that day, Berry will hold its quarterly conference call on the Company's results and performance. This call will be webcast live at the Company's website at https://ir.berryglobal.com/financials. A new, simplified event registration and acces.
On February 7, the company announced the spin-off and merger of its Health, Hygiene and Specialties segment with Glatfelter. The value for Berry Group's shareholders is $1.9 billion at Glatfelter's current share price which is close to the $2 billion price tag estimated by analysts back in September. Some of the 13% drop in Berry Group's valuation on February 7 and 8 can be attributed to the weak Q1 FY24 financial results but the stock looks oversold here.
Berry Global's (BERY) first-quarter fiscal 2024 revenues decline 7% year over year due to reduced demand in the consumer and industrial markets.
Berry Global announced disappointing quarterly results, blaming inflation and macroheadwinds for hurting consumer demand. Nonetheless, the packaging company reaffirmed its full-year earnings and cash-flow outlook.
Berry Global Group, Inc. (BERY) Q1 2024 Earnings Call Transcript
The headline numbers for Berry Global (BERY) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Berry Global (BERY) came out with quarterly earnings of $1.22 per share, missing the Zacks Consensus Estimate of $1.29 per share. This compares to earnings of $1.30 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for Berry Global (BERY), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.
Berry Global (BERY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.