Yahoo Finance Berry First Quarter 2024 Earnings: Misses Expectations
Berry (NASDAQ:BRY) First Quarter 2024 Results
Key Financial Results
Revenue: US$131.1m (down 39% from 1Q 2023).
Net loss: US$40.1m (loss widened by US$34.2m from 1Q 2023).
US$0.53 loss per share (further deteriorated from US$0.077 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Berry Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 25%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is expected to decline by 2.0% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the US are expected to grow by 2.2%.
Performance of the American Oil and Gas industry.
The company's shares are down 7.4% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Berry has 4 warning signs (and 1 which shouldn't be ignored) we think you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
