We have issued an updated research report on Berry Global Group, Inc. (BERY - Free Report) on Jan 15.
This company currently carries a Zacks Rank #2 (Buy), marking a revision from its previous Zacks Rank #3 (Hold). Its market capitalization is approximately $6.6 billion and it has a favorable VGM Score of A.
Let’s delve deeper and discuss why investors should consider adding Berry Global’s stock to their portfolio.
Factors Favoring Berry Global
Share Price Performance & Earnings Estimates: Impressive financial performance in the fourth quarter of fiscal 2018 (ended Sep 29, 2018) and optimism about its future prospects supported positive sentiment on Berry Global. It is worth noting here that the company’s share price has yielded 14.3% return against the industry’s 1.3% decline over the past three months.
Moreover, Berry Global’s earnings estimates for fiscal 2019 (ending September 2019) have been increased by four brokerage firms in the past 60 days and lowered by one. Likewise, earnings estimates for fiscal 2020 (ending September 2020) have been raised by three firms. Currently, the Zacks Consensus Estimate for earnings is pegged at $3.80 for fiscal 2019 and $4.17 for fiscal 2020, reflecting growth of 0.8% and 3.2% from the respective tallies 60 days ago. Further, these earnings estimates represent year-over-year growth of 12.8% for fiscal 2019 and 9.6% for fiscal 2020.
Berry Global Group, Inc. Price and Consensus