Berry (US:BERY) ZACKS·2024-11-13 16:00Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Berry Global despite higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Berry Global is expected to report quarterly earnings of $2.25 per share, reflecting a -1.3% change year-over-year, while revenues are projected at $3.15 billion, up 2.1% from the previous year [3]. - The consensus EPS estimate has been revised 0.57% lower in the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP of +0.25% indicates analysts have become more optimistic about Berry Global's earnings prospects [10]. - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [8]. Historical Performance - In the last reported quarter, Berry Global exceeded the expected earnings of $2.03 per share, achieving $2.18, resulting in a surprise of +7.39% [11]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [12]. Investment Considerations - While an earnings beat can influence stock movement, other factors may also play a significant role in determining stock performance [13]. - Berry Global is viewed as a compelling candidate for an earnings beat, but investors should consider additional factors before making investment decisions [15].