Berry Global Group Inc (NYSE: BERY) has reported earnings for its fourth fiscal quarter (ending September 30) of $1.59 versus $1.87 for the same period a year ago — a decline of -15%. This result fell short of the consensus estimate of $2.14 by $-0.55. For the latest four quarters through September 30, E.P.S. were $5.07 versus $5.87 for the same period a year ago — a decline of -14%.
Recent Price Action
On 11/16/23, Berry Global Group Inc (NYSE: BERY) stock enjoyed a large increase of 3.8%, closing at $63.58. The stock has been strong relative to the market over the last nine months and has risen 10.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BERY is expected to continue to be a major Value Builder.
Berry Global Group has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Berry Global Group has a slightly positive Appreciation Score of 62 and a slightly positive Power Rating of 62, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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