Berry Corp Q4 Adj. EPS $0.13 Misses $0.24 Estimate, Sales $300.33M Beat $182.37M Estimate
Portfolio Pulse from Benzinga Newsdesk
Berry Corp (NASDAQ:BRY) reported Q4 adjusted EPS of $0.13, missing the $0.24 estimate, and sales of $300.33M, beating the $182.37M estimate. This represents an 86.32% decrease in EPS and a 54.26% increase in sales from the same period last year.
March 06, 2024 | 12:02 pm
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Berry Corp reported a significant miss in Q4 adjusted EPS at $0.13 vs. the $0.24 estimate, but exceeded sales expectations with $300.33M against a $182.37M estimate.
The significant miss in EPS could negatively impact investor sentiment, potentially leading to a short-term decrease in stock price. However, the substantial beat in sales might offset some of the negative sentiment, suggesting a neutral short-term impact on BRY's stock price. The mixed results make the exact direction of the stock price uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100