Berry Corp Q2 2024 Adj. EPS $0.18 Misses $0.21 Estimate, Sales $197.819M Beat $177.167M Estimate
Portfolio Pulse from Benzinga Newsdesk
Berry Corp (NASDAQ:BRY) reported Q2 2024 earnings per share of $0.18, missing the analyst estimate of $0.21 by 14.29%. However, the company reported sales of $197.819 million, beating the estimate of $177.167 million by 11.66%. This represents a 13.75% decrease from the same period last year.
August 09, 2024 | 11:02 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Berry Corp reported Q2 2024 EPS of $0.18, missing estimates by 14.29%, but sales of $197.819M beat estimates by 11.66%. Sales decreased 13.75% YoY.
The mixed results, with EPS missing but sales beating estimates, create a neutral short-term impact. The YoY sales decline adds a negative sentiment, balancing the positive sales beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100