Berry Global Group, Inc. (NYSE:BERY) is expected to report fourth quarter earnings results, before market open, on Thursday 19th November 2020.
Analysts polled by Thomson Reuters anticipate fourth quarter income of $ 1.22 per share.
Looking ahead, the full year income are expected at $ 4.48 per share on the revenues of $ 11663.60 million.
Previous Quarter Performance
Berry Global Group, Inc. revealed income for the third quarter of $ 1.52 per share, from the revenue of $ 2,910.00 million. The quarterly earnings expanded 68.89 percent while revenues increased 50.23 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.15 per share from $ 2977.97 million in revenue. The bottom line results beat street analysts by $ 0.37 or 32.17 percent, at the same time, top line results fell short of analysts by $ 67.97 million or 2.28 percent.
Stock Performance
Shares of Berry Global Group, Inc. traded low $ -1.21 or -2.21 percent on Wednesday, reaching $ 53.48 with volume of 1.00 million shares. Berry Global Group, Inc. has traded high as $ 54.92 and has cracked $ 53.46 on the downward trend
According to the previous trading day, closing price of $ 53.48, representing a 118.76 % increase from the 52 week low of $ 25.00 and a 0.53 % decrease over the 52 week high of $ 54.98.
The company has a market capital of $ 7.09 billion and is part of the Consumer Cyclical sector and Packaging & Containers industry.
Recent Analyst recommendations
- On 14th October 2020, initiated by Seaport Global Securities at Buy rating, with $ 71.00 target price.
Conference Call
Berry Global Group, Inc. will be hosting a conference call at 10:00 AM eastern time on 19th November 2020, to discuss its 4Q20 financial results with the investment community. The participants may dial, (800) 305-1078 or (703) 639-1173 Outside U.S., when prompted, enter passcode 5882099 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.berryglobal.com
Berry Global Group, Inc. manufactures and supplies non-woven, flexible, and rigid products. The company operates through three segments: Engineered Materials; Health, Hygiene & Specialties; and Consumer Packaging.
