Published on 20 Apr 2024 on Simply Wall St. via Yahoo Finance
News Flash: Analysts Just Made A Substantial Upgrade To Their Berry Corporation (NASDAQ:BRY)...
Celebrations may be in order for Berry Corporation (NASDAQ:BRY) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The analysts greatly increased their revenue estimates, suggesting a stark improvement in business fundamentals.
Following the upgrade, the consensus from three analysts covering Berry is for revenues of US$716m in 2024, implying a definite 17% decline in sales compared to the last 12 months. Per-share earnings are expected to soar 65% to US$0.80. Before this latest update, the analysts had been forecasting revenues of US$643m and earnings per share (EPS) of US$0.59 in 2024. There has definitely been an improvement in perception recently, with the analysts substantially increasing both their earnings and revenue estimates.