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

Berry (Bry)

01/11/2023 17:53

* Berry Corporation (Bry)  BRY.OQ  reported quarterly
adjusted
earnings of 15 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 55 cents.  The mean expectation of
five analysts for the quarter was for earnings of 30 cents per
share. Wall Street expected results to range from 23 cents to 40
cents per share.
    * Revenue fell 68.4% to $118.80 million from a year ago;
analysts
expected $186.43 million. 
    * Berry Corporation (Bry)'s reported EPS for the quarter was
a
loss of 60 cents​.
    * The company reported a quarterly loss of $45.06 million.
    * Berry Corporation (Bry) shares had risen by 1.8% this
quarter and gained 4.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 239%
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 November 1 at
05:53 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.35           0.95           Beat