Berry Corporation (Bry) reports results for the quarter ended June 30 - Earnings Summary

• Berry Corporation (Bry) BRY reported quarterly breakeven results​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 18 cents. The mean expectation of four analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from -2 cents to 6 cents per share.

• Revenue rose 6.2% to $210.08 million from a year ago; analysts expected $155.33 million.

• Berry Corporation (Bry)'s reported EPS for the quarter was 43 cents​.

• The company reported quarterly net income of $33.6 million.

• Berry Corporation (Bry) shares had risen by 6.5% this quarter and lost 28.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 67% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

• Wall Street's median 12-month price target for Berry Corporation (Bry) is $4.50, about 34.4% above its last closing price of $2.95

This summary was machine generated from LSEG data August 6 at 09:46 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)