Berry Global Group (NYSE:BERY) reported its Q2 earnings results on Thursday, May 5, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Berry Global Group beat estimated earnings by 9.04%, reporting an EPS of $1.93 versus an estimate of $1.77.
Revenue was up $405.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.11 which was followed by a 3.12% drop in the share price the next day.
Here's a look at Berry Global Group's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.36 | 1.52 | 1.51 | 1.30 |
| EPS Actual | 1.25 | 1.55 | 1.53 | 1.59 |
| Revenue Estimate | 3.38B | 3.47B | 3.23B | 3.19B |
| Revenue Actual | 3.57B | 3.67B | 3.67B | 3.37B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Berry Global Group management provided guidance for FY 2022, expecting earnings between $7.2 and $7.7 per share.
To track all earnings releases for Berry Global Group visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
