Berry Global (BERY) is a Top-Ranked Value Stock: Should You Buy?

Core Insights - Zacks Premium provides tools for investors to enhance their stock market engagement and confidence, including daily updates, research reports, and stock screens [1][2] Zacks Style Scores - Zacks Style Scores rate stocks based on value, growth, and momentum characteristics, serving as complementary indicators to the Zacks Rank, helping investors identify securities likely to outperform the market in the short term [3][4] - Each stock is rated from A to F, with A indicating the highest potential for outperformance [4] Value Score - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, and Price/Sales, aiming to find stocks trading below their true value [4] Growth Score - The Growth Score assesses a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow to identify stocks with sustainable growth potential [5] Momentum Score - The Momentum Score targets stocks with upward or downward price trends, utilizing recent price changes and earnings estimate shifts to identify optimal buying opportunities [5] VGM Score - The VGM Score combines Value, Growth, and Momentum Scores, providing a comprehensive indicator for investors who prefer a multifaceted approach to stock selection [6] Zacks Rank - The Zacks Rank is a proprietary model based on earnings estimate revisions, helping investors build successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [7][8] Stock to Watch: Berry Global (BERY) - Berry Global Group, Inc. operates in the nonwoven specialty materials and consumer packaging sectors, with a geographical revenue breakdown of 54.4% from North America, 36% from Europe, and 9.6% from other regions [12] - BERY holds a 3 (Hold) Zacks Rank and a VGM Score of B, with a Value Style Score of A, supported by a forward P/E ratio of 8.38, indicating strong valuation metrics [13] - Recent upward revisions in earnings estimates for fiscal 2024 have increased the Zacks Consensus Estimate by $0.08 to $7.51 per share, with an average earnings surprise of 2.9% [13][14]