Berry (US:BERY) ZACKS·2024-11-15 15:21Core Viewpoint - Wall Street analysts anticipate a slight decline in Berry Global's quarterly earnings per share, with a projected EPS of $2.25, reflecting a year-over-year decrease of 1.3%, while revenues are expected to increase by 2.1% to $3.15 billion [1]. Earnings Projections - Over the past 30 days, the consensus EPS estimate has been revised downward by 0.6%, indicating a collective reassessment by analysts of their initial forecasts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Revenue and Sales Estimates - Analysts forecast 'Net Sales- Health, Hygiene & Specialties' to reach $641.13 million, indicating a year-over-year increase of 1.8% [5]. - 'Net Sales- Engineered Materials' is expected to be $683.03 million, also reflecting a 1.8% increase from the prior year [5]. - 'Net Sales- Consumer Packaging- North America' is projected at $818.29 million, showing a 4.1% increase year-over-year [5]. - 'Net Sales- Consumer Packaging- International' is estimated to reach $995.96 million, indicating a slight decline of 0.4% from the previous year [6]. Operating EBITDA Estimates - 'Operating EBITDA- Health, Hygiene & Specialties' is expected to be $88.81 million, up from $84 million year-over-year [6]. - 'Operating EBITDA- Consumer Packaging- North America' is projected at $172.18 million, compared to $161 million in the same quarter last year [7]. - 'Operating EBITDA- Consumer Packaging- International' is estimated to be $184.88 million, slightly up from $184 million in the previous year [7]. - The consensus for 'Operating EBITDA- Engineered Materials' stands at $126.26 million, compared to $118 million a year ago [8]. Stock Performance - Over the past month, Berry Global's shares have decreased by 5.2%, contrasting with a 1.6% increase in the Zacks S&P 500 composite [8].