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Recap: Berry Global Group Q2 Earnings

 

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.

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