Berry Global topped analysts' estimates and posted a better than expected EPS
Nov 20th, 2020
Berry Global Group, Inc. ($BERY) came out with fiscal fourth-quarter earnings of $1.59 per share on Thursday, highly enhancing the Market consensus estimate of $1.22 per share. This Q4 report means an earnings surprise of 30.33%. On the contrary, the company said turnover was $3.0 billion aligned with analysts' estimates.
Same quarter one year ago, reported EPS was $0.90, so recently posted EPS means an increase of 76.67%. Last quarter, it was expected that Berry Global would report earnings of $1.15 per share when it actually made earnings of $1.52, delivering a surprise of 32.17%.
Berry Global got 2 new ratings from brokerage firms on Friday : Deutsche Bank Aktiengesellschaft posted a strong positive rating and Robert W. Baird raised the price target from $60.00 to $70.00 (26.93% over the closing price) with a bullish rating. Be aware: these are not recommendations to buy or sell this stock. Check with your personal financial advisor.
Berry Global beat its competitors for the last four weeks, marking a 10.6%. In contrast, in the same period, Ball (BLL) performed a 5.7%, International Paper (IP) performed a 7.4%, Amcor (AMCR) marked a 8.5%, Crown (CCK) marked a 6.6%, Packaging Corporation of America (PKG) made a 10.4% and Westrock (WRK) marked a 6.3%. Amcor, Crown and Packaging Corporation of America are trading very close to all-time highs.
Berry Global Group, Inc. manufactures and supplies non-woven, flexible, and rigid products. Its Consumer Packaging International segment offers narrow neck blow molded and injection-stretch molded packaging solutions; injection molded and thermoformed pails, jars, and tubs; closures, dispensing systems, and applicators; inhalers and dose counters; polythene films; and molds and molded components, as well as recycles rigid and flexible end of life materials from industrial and consumer sources.. The stock is part of the Packaging & Containers industry in the Consumer Cyclical sector. Headquarters are based in Evansville, United States, and employs 47,000 people worldwide. Its corporate website is http://www.berryglobal.com.
The Boeing Company
Alibaba Group Holding Limited