雅虎香港財經 Unveiling Berry Global (BERY) Q2 Outlook: Wall Street Estimates for Key Metrics
In its upcoming report, Berry Global (BERY) is predicted by Wall Street analysts to post quarterly earnings of $1.90 per share, reflecting a decline of 3.1% compared to the same period last year. Revenues are forecasted to be $3.12 billion, representing a year-over-year decrease of 5.2%.
The current level reflects an upward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Berry Global metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Net Sales- Health, Hygiene & Specialties' will reach $639.15 million. The estimate suggests a change of -5.6% year over year.
The collective assessment of analysts points to an estimated 'Net Sales- Engineered Materials' of $714.56 million. The estimate indicates a year-over-year change of -8.2%.
According to the collective judgment of analysts, 'Net Sales- Consumer Packaging- North America' should come in at $745.07 million. The estimate indicates a change of -3.7% from the prior-year quarter.
Analysts forecast 'Net Sales- Consumer Packaging- International' to reach $1.00 billion. The estimate points to a change of -5.2% from the year-ago quarter.
The consensus among analysts is that 'Operating EBITDA- Health, Hygiene & Specialties' will reach $86.59 million. Compared to the present estimate, the company reported $84 million in the same quarter last year.
The combined assessment of analysts suggests that 'Operating EBITDA- Consumer Packaging- North America' will likely reach $153.08 million. The estimate compares to the year-ago value of $156 million.
Based on the collective assessment of analysts, 'Operating EBITDA- Consumer Packaging- International' should arrive at $162.20 million. The estimate compares to the year-ago value of $174 million.
It is projected by analysts that the 'Operating EBITDA- Engineered Materials' will reach $124.65 million. Compared to the present estimate, the company reported $127 million in the same quarter last year.
View all Key Company Metrics for Berry Global here>>>
Berry Global shares have witnessed a change of -0.4% in the past month, in contrast to the Zacks S&P 500 composite's -1.6% move. With a Zacks Rank #3 (Hold), BERY is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Berry Global Group, Inc. (BERY) : Free Stock Analysis Report
