Berry Global Group (BERY): Q4 Earnings Preview
Berry Global Group (NYSE: BERY) is poised to report its Q4 earnings results before market open today. Here's a comprehensive analysis:
Financial Performance:
* Revenue: Analysts anticipate a 17% year-over-year decline to $2.37 billion, extending a trend of decelerating revenue growth.
* Earnings: Adjusted EPS is projected at $0.99 per share, representing a potential decline from last quarter's reported EPS.
Analysts' Expectations:
* Analysts have generally maintained their estimates ahead of earnings, indicating a lack of significant changes to their outlook.
Peer Comparisons:
* International Paper (IP): Flat year-over-year revenue, missing analysts' expectations by 3.8%. Stock declined 4.2% post-earnings.
* Packaging Corporation of America (PKG): Revenue growth of 10.7%, surpassing estimates by 0.6%. Stock fell 9.8% after results.
Market Sentiment:
* Industrial packaging stocks have exhibited stability leading into earnings, with share prices remaining largely unchanged over the past month.
* Berry Global Group has gained 1.7% during this period and trades with an average analyst price target of $74.07.
* Current share price: $66.28.