Will Berry Global (BERY) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Berry Global is positioned to potentially continue its earnings-beat streak in the upcoming report, having surpassed earnings estimates in the last two quarters with an average surprise of 5.01% [1][2]. Earnings Performance - In the last reported quarter, Berry Global achieved earnings of $2.18 per share, exceeding the Zacks Consensus Estimate of $2.03 per share, resulting in a surprise of 7.39% [1]. - For the previous quarter, the company was expected to report earnings of $1.90 per share but delivered $1.95 per share, yielding a surprise of 2.63% [1]. Earnings Estimates - Recent estimates for Berry Global have been trending upward, with a positive Earnings ESP of +0.25%, indicating increased analyst optimism regarding its near-term earnings potential [3]. - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong likelihood of another earnings beat [3]. Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced a positive surprise nearly 70% of the time, indicating a high probability of exceeding consensus estimates [2]. - The Earnings ESP metric is crucial for predicting earnings performance, as a negative value can diminish its predictive power, although it does not necessarily indicate an earnings miss [3][4].