Berry Corporation (Bry) reports results for the quarter ended December 31 - Earnings Summary

• Berry Corporation (Bry) BRY.OQ reported quarterly adjusted earnings of 21 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 13 cents. The mean expectation of five analysts for the quarter was for earnings of 15 cents per share. Wall Street expected results to range from 11 cents to 23 cents per share.

• Revenue fell 37.5% to $187.79 million from a year ago; analysts expected $173.67 million.

• Berry Corporation (Bry)'s reported EPS for the quarter was a loss of 2 cents​.

• The company reported a quarterly loss of $1.76 million.

• Berry Corporation (Bry) shares had fallen by 14.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

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 "hold."

Wall Street's median 12-month price target for Berry Corporation (Bry) is $6.50

This summary was machine generated from LSEG data March 12 at 09:00 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)