Berry Corporation (Bry) reports results for the quarter ended in December - Earnings Summary

Berry (Bry)

06/03/2024 14:41

* Berry Corporation (Bry)  BRY.OQ  reported quarterly
adjusted
earnings of 13 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 95 cents.  The mean expectation of
five analysts for the quarter was for earnings of 24 cents per
share. Wall Street expected results to range from 15 cents to 31
cents per share.
    * Revenue rose 54.3% to $300.33 million from a year ago;
analysts
expected $182.37 million. 
    * Berry Corporation (Bry)'s reported EPS for the quarter was
81
cents​.
    * The company reported quarterly net income of $62.55
million.
    * Berry Corporation (Bry) shares had fallen by 1.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "hold"

Wall Street's median 12-month price target for Berry Corporation
(Bry) is $8.00 
This summary was machine generated from LSEG data March 6 at
02:40 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.24           0.13           Missed
 Sep. 30 2023      0.30           0.15           Missed
 Jun. 30 2023      -0.02          0.15           Beat
 Mar. 31 2023      0.11           0.07           Missed