Berry Corporation (Bry) reports results for the quarter ended in March - Earnings Summary
01/05/2024 14:32
* Berry Corporation (Bry) BRY.OQ reported quarterly
adjusted
earnings of 14 cents per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 7 cents. The mean expectation of five analysts
for the quarter was for earnings of 17 cents per share. Wall
Street expected results to range from 10 cents to 29 cents per
share.
* Revenue fell 48.6% to $131.11 million from a year ago;
analysts
expected $175.53 million.
* Berry Corporation (Bry)'s reported EPS for the quarter was
a
loss of 53 cents.
* The company reported a quarterly loss of $40.08 million.
* Berry Corporation (Bry) shares had risen by 5.5% this
quarter and gained 20.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 14.1%
in the last three months.
* In the last 30 days, there have been no negative revisions
of
earnings estimates
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 $9.00
This summary was machine generated from LSEG data May 1 at 01:31
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
Mar. 31 2024 0.17 0.14 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