Berry Global (BERY) shared its earnings report 30 days ago. What can we expect for the stock moving forward?
Berry Global (BERY) reported quarterly earnings of $1.09 per share, which is higher than the Zacks Consensus Estimate of $1 per share. This is a decrease compared to earnings of $1.22 per share from the same period last year.
The main figures for Berry Global (BERY) provide an overview of the company's performance for the quarter that ended in December 2024. However, it could be useful to compare some important metrics with Wall Street predictions and the results from the same period last year.
Examine how Berry Global's (BERY) international sales are doing and what impact this has on financial analysts' forecasts on Wall Street, as well as the company's future stock outlook.
Joel Greenblatt's special situations strategy focuses on finding chances in risk arbitrage, mergers, bankruptcies, and spinoffs that may have mispriced stocks. An example of this is Magnera Corporation, which was spun off from Berry Global Group and Glatfelter Corp. The deal was finalized on November 4, giving BERY shareholders 90% ownership of MAGN, which began trading on the NYSE the next day.
Berry Global Group, Inc. (NYSE:BERY) will hold its Q4 2024 Earnings Conference Call on November 19, 2024, at 8:00 AM ET. The call will feature company representatives including Tracey Whitehead, Peter Konieczny, Michael Casamento, and Kevin Kwilinski, along with various conference call participants from different financial institutions. The operator will begin the call by thanking everyone for their patience.
MONSEY, N.Y., Nov. 19, 2024 (GLOBE NEWSWIRE) -- The law firm Wohl & Fruchter LLP is looking into whether the proposed merger between Berry Global Group, Inc. (NYSE: BERY) and Amcor plc (“Amcor”) is fair. This all-stock deal values Berry at around $73.59 per share.
Berry Global (BERY) reported quarterly earnings of $2.27 per share, which is higher than the Zacks Consensus Estimate of $2.25 per share. This is slightly lower than the earnings of $2.28 per share from the same period last year.
Amcor and Berry Global have announced a merger agreement to combine their businesses in an all-stock deal. This partnership aims to enhance their product offerings and capabilities, leading to increased growth for their customers. The merger is expected to generate $650 million in annual earnings synergies, benefiting over 35% adjusted cash earnings per share.
To better understand how Berry Global (BERY) might perform in the quarter ending September 2024, look beyond Wall Street's basic profit and loss predictions. Instead, focus on the estimates for some of its important metrics. This will give you a clearer picture of the company's potential performance.