Berry Global (BERY) Q1 Earnings and Revenues Surpass Estimates

Financial Performance - Berry Global reported quarterly earnings of $1.09 per share, exceeding the Zacks Consensus Estimate of$ 1 per share, but down from $1.22 per share a year ago, representing an earnings surprise of 9% [1] - The company posted revenues of$ 2.39 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.91%, but down from $2.85 billion year-over-year [2] Stock Performance - Berry Global shares have increased approximately 3.3% since the beginning of the year, outperforming the S&P 500's gain of 1.9% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 1.65 on revenues of $2.52 billion, and for the current fiscal year, it is$ 6.31 on revenues of $10.05 billion [7] - The estimate revisions trend for Berry Global is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell), indicating expected underperformance in the near future [6] Industry Context - The Containers - Paper and Packaging industry, to which Berry Global belongs, is currently ranked in the bottom 39% of over 250 Zacks industries, suggesting potential challenges ahead [8]