Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Berry Petroleum due to lower revenues, with a focus on how actual results will compare to estimates [1][2]. Earnings Expectations - Berry Petroleum is expected to report earnings of $0.01 per share, reflecting a significant year-over-year decrease of 94.4% [3]. - Revenue projections stand at $147 million, which is a decline of 7.5% compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 62.26% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Berry Petroleum matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the potential deviation from consensus estimates, with a strong predictive power for positive readings [9][10]. - Berry Petroleum's current Zacks Rank is 3, making it challenging to predict an earnings beat conclusively [12]. Historical Performance - In the last reported quarter, Berry Petroleum exceeded expectations with earnings of $0.12 per share, a surprise of +20.00% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates two times [14]. Industry Context - Tidewater, another player in the oil and gas sector, is expected to report earnings of $0.28 per share, indicating a year-over-year decline of 70.2% [18]. - Tidewater's revenue is projected at $317.61 million, down 6.4% from the previous year, with a consensus EPS estimate revised 17.6% higher recently [19].
Analysts Estimate Berry Petroleum (BRY) to Report a Decline in Earnings: What to Look Out for