Preview: Berry Global Gr's Earnings
Portfolio Pulse from Benzinga Insights
Berry Global Gr (NYSE:BERY) is expected to release its quarterly earnings report on Thursday, 2023-11-16, with analysts estimating an EPS of $2.11. Investors are looking for an earnings beat and positive guidance for future growth. In the past, BERY's stock price has reacted variably to earnings reports, with a 5.3% increase after a miss last quarter. Shares are currently trading at $60.57, up 10.79% over the last 52 weeks, indicating satisfaction among long-term shareholders ahead of the earnings release.
November 15, 2023 | 2:01 pm
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POSITIVE IMPACT
Berry Global Gr is anticipated to report quarterly earnings with an EPS estimate of $2.11. Positive guidance and earnings beat could influence the stock price, which has seen a 10.79% increase over the past year.
Given BERY's history of stock price increases following earnings reports, even after an EPS miss, and the general upward trend over the past year, there is a positive sentiment that could lead to a short-term price increase if the company reports favorable earnings and guidance. However, the market's reaction can be unpredictable and may also depend on broader market conditions.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100