Core Insights - Berry Global Group, Inc. reported adjusted earnings of $1.09 per share for Q1 fiscal 2025, exceeding the Zacks Consensus Estimate of $1, with a year-over-year increase of 5% [1] - Net sales reached $2.39 billion, surpassing the consensus estimate of $2.34 billion, reflecting a 2.2% year-over-year growth driven by higher selling prices and organic volume growth of 2% [1] Segmental Discussion - The Health, Hygiene, and Specialties segment was spun off and merged with Glatfelter Corporation, leading to a focus on higher-value products in the Engineered Materials segment, now renamed Flexibles [2] - International net sales in Consumer Packaging amounted to $885 million, down 3.4% year-over-year, with organic volume growth of 1% [3] - North American Consumer Packaging net sales totaled $769 million, up 10% year-over-year, driven by a 3% growth in volumes [4] - Flexibles segment net sales were $731 million, increasing 1.8% year-over-year, with organic volume growth of 1% [5] Costs & EBITDA - Cost of goods sold increased by 1.4% to $2.9 billion, while selling, general, and administrative expenses rose by 8.3% year-over-year to $223 million [6] - Operating EBITDA was reported at $378 million, up 3.8% year-over-year, although operating income decreased by 7.9% to $152 million [6] Balance Sheet and Cash Flow - At the end of Q1, cash and cash equivalents stood at $1.2 million, down from $1.1 billion at the end of fiscal 2024, with total debt at $8.1 billion [7] - The company used net cash of $372 million in operating activities, compared to $168 million in the previous year, with capital expenditure totaling $134 million [8] Fiscal 2025 Guidance - Berry Global reaffirmed its fiscal 2025 guidance, expecting adjusted earnings in the range of $6.10-$6.60 per share [9] - The company anticipates cash flow from operations between $1.125 billion and $1.225 billion, and free cash flow in the range of $600-$700 million [10]

Core Insights - The focus is on identifying strong stocks using the Zacks Rank system, which emphasizes earnings estimates and revisions [1] - Value investing remains a popular strategy, utilizing fundamental analysis to find undervalued companies [2] - The Style Scores system helps investors identify stocks with specific traits, particularly in the "Value" category [3] Company Analysis: Berry (BRY) - Berry (BRY) has a Zacks Rank of 2 (Buy) and an A grade for Value, indicating strong potential [4] - The stock's current P/E ratio is 7.45, significantly lower than the industry average of 13.45, suggesting it may be undervalued [4] - Over the past year, BRY's Forward P/E has fluctuated between 6.74 and 11.52, with a median of 8.96 [4] - Berry's P/CF ratio stands at 1.33, compared to the industry's average of 4.80, further indicating undervaluation [5] - The P/CF ratio for BRY has ranged from 1.14 to 3.96 over the past year, with a median of 2.83 [5] - These metrics suggest that Berry is likely undervalued and has a strong earnings outlook, making it an impressive value stock [6]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks may lose momentum when their valuations exceed future growth potential [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Berry Petroleum (BRY) Analysis - Berry Petroleum (BRY) has shown a four-week price change of 0.9%, indicating growing investor interest [4] - Over the past 12 weeks, BRY's stock gained 1.9%, with a beta of 1.62, suggesting it moves 62% more than the market [5] - BRY has a Momentum Score of A, indicating a favorable time to invest based on momentum [6] - The stock has received a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investors [7] - BRY is trading at a Price-to-Sales ratio of 0.38, suggesting it is undervalued at 38 cents for each dollar of sales [7] Group 3: Additional Investment Opportunities - Besides BRY, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]

Company Performance - Berry Petroleum (BRY) has shown a year-to-date performance increase of approximately 10.2%, outperforming the Oils-Energy sector average return of 7.9% [4] - The Zacks Consensus Estimate for BRY's full-year earnings has increased by 1.7% over the past quarter, indicating a positive earnings outlook [3] - Berry Petroleum holds a Zacks Rank of 2 (Buy), reflecting strong analyst sentiment [3] Industry Context - Berry Petroleum is part of the Oil and Gas - Integrated - United States industry, which has an average loss of 9.4% year-to-date, highlighting BRY's relative strength in this sector [5] - The Oils-Energy group consists of 248 companies, with Berry Petroleum currently ranked 6 in the Zacks Sector Rank [2] - In comparison, Plains GP Holdings (PAGP), another Oils-Energy stock, has returned 20.4% year-to-date and also holds a Zacks Rank of 2 (Buy) [4][5]

Core Insights - OpenText has appointed Savinay Berry as EVP & Chief Product Officer to enhance product innovation and drive growth across its data-oriented domains [1][2] - Muhi Majzoub has been appointed as EVP, Security Products, reflecting the company's increased focus on cybersecurity [1][3] Company Strategy - The appointments aim to accelerate OpenText's mission to be a leading information management company, leveraging connected data for enterprise advantages across various sectors including content management and analytics [2][3] - Savinay Berry brings extensive experience from his previous role at Vonage, where he led products and engineering, including cloud applications and AI [2][3] Market Position - OpenText is positioned to capitalize on the convergence of Cloud, Security, and AI, which are critical in the current landscape of information management [3] - The company has made significant innovations over the past two years, particularly with Titanium X, Cloud, and AI, which are expected to translate into enduring value for customers [3]

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental ...

Since the supply shock of 2022, the energy sector has been driven by growth in oil refiners who have benefited from favorable spreads between the price of oil and its distillates. However, growth has not been limited to refiners, with explorers and producers, equipment and services gaining ground as well.Geopolitical factors have played the most significant role, as they did in 2022. The threat of a broader conflict with Iran has increased with the inauguration of President Donald J. Trump. U.S. sanctions o ...

DALLAS, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") today announced the appointment of Jeff Magids as the Company's Vice President, Chief Financial Officer, effective January 21, 2025. Mike Helm will continue in his position as Vice President, Chief Accounting Officer. Jeff's extensive experience, including in finance, capital markets and M&A, enhances the Company's financial and strategic leadership capabilities and underscores the Company's focus on de ...

DALLAS, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ:BRY) ("Berry" or the "Company") announced the closing of a comprehensive refinancing of its existing indebtedness on December 24, 2024 (the "Transactions"), providing the Company with capital and liquidity to continue progressing Berry's corporate strategy: Ensuring capital and liquidity to execute on the Company's development plans including unlocking the significant upside potential in Utah to drive long-term shareholder valueExtend ...

Berry Global Group, Inc. (BERY) recently entered into a deal to divest its Specialty Tapes business (Tapes) to private equity firm Nautic Partners, LLC (Nautic) for about $540 million.Based in Rhode Island, Nautic is a middle-market private equity firm that specializes in sub-verticals within three key sectors, Healthcare, Industrials and Services. The company partners with executives to drive growth through acquisitions, initiatives and team expansion.The divestment of the Tapes business will help Berry Gl ...