Bear Of The Day: Berry (BRY)

Group 1 - Berry Corp. is an independent upstream energy company focused on conventional, long-lived oil reserves primarily in the San Joaquin basin of California [1][2] - The company has a Zacks Rank of 5 (Strong Sell) due to missing the Zacks Consensus Estimate for four consecutive quarters, with the latest earnings reported at $0.18 against a consensus of $0.20 [1][4] - Recent earnings estimates for Berry have been revised downward, with the current fiscal year consensus dropping from $0.84 to $0.63 and the next year's estimate falling from $0.87 to $0.59 over the last 60 days [5] Group 2 - Berry operates through two segments: Exploration and Production (E&P), which focuses on the development and production of low geologic risk, long-lived conventional oil and gas reserves, and Well Servicing and Abandonment, which provides wellsite services [2] - The company has experienced negative earnings estimate revisions, which is a common trend among stocks in the Zacks universe, contributing to its low ranking [6]