Berry Global (BERY) Q4 Earnings and Revenues Beat Estimates

Core Viewpoint - Berry Global reported quarterly earnings of $2.27 per share, exceeding the Zacks Consensus Estimate of$2.25 per share, but slightly down from $2.28 per share a year ago, indicating a 0.89$3.17 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.56% and showing an increase from $3.09 billion year-over-year [2] Earnings Performance - Berry Global has surpassed consensus EPS estimates three times over the last four quarters [2] - The company had a previous quarter earnings expectation of$2.03 per share but reported $2.18, resulting in a surprise of 7.39$1.39 on revenues of $2.91 billion, and for the current fiscal year, it is$8.17 on revenues of $12.43 billion [8] Industry Context - The Containers - Paper and Packaging industry, to which Berry Global belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, which may impact stock performance [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that investors should monitor these revisions closely [6]