Berry Global Group Inc (NYSE: BERY) has reported earnings for its second fiscal quarter (ending March 31) of $1.00 versus $1.44 for the same period a year ago — a decline of -31%. Relative to the consensus estimate of $2.10, this was a shortfall of $-1.10. For the latest four quarters through March 31, E.P.S. were $4.30 compared to $5.77 a year ago — a decline of -25%.
Recent Price Action
Berry Global Group Inc (NYSE: BERY) stock closed at $59.77 on 5/9/24 after a decline of -2.4%. Moreover, trading volume in this decline was unusually high at 191% of normal. The stock has been weak relative to the market over the last nine months but has risen 3.4% 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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Berry Global Group has a neutral Appreciation Score of 60 and a neutral Power Rating of 40, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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