Berry Global (BERY) Reports Next Week: Wall Street Expects Earnings Growth

Core Insights - Berry Global (BERY) is anticipated to report a year-over-year increase in earnings despite a decrease in revenues for the quarter ending June 2024, with a consensus EPS estimate of $2.03, reflecting a +6.8% change [1][3][4] - The company's revenues are projected to be $3.21 billion, down 0.7% from the previous year [4] - Analysts have revised the consensus EPS estimate 0.09% higher in the last 30 days, indicating a positive reassessment of the company's earnings prospects [4][6] Earnings Surprise Prediction - Berry Global has a positive Earnings ESP of +0.99%, suggesting a likelihood of beating the consensus EPS estimate [6][7] - The company holds a Zacks Rank of 3, which indicates a neutral outlook [15] - Historical performance shows that Berry Global has beaten consensus EPS estimates in two out of the last four quarters, with a recent surprise of +2.63% [16][19] Industry Context - In comparison, Sonoco (SON), another player in the packaging industry, is expected to report a year-over-year decline in earnings and revenues, with a Zacks Rank of 5, indicating a strong sell [21][22] - The consensus EPS estimate for Sonoco has been revised 1% lower over the last 30 days, resulting in an Earnings ESP of 0.00% [24]