Berry Petroleum Earnings: Here’s Why the Stock is Falling Now

Berry Petroleum Co. (NYSE:BRY) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.51%.

Berry Petroleum Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 0% to $0.73 in the quarter versus EPS of $0.73 in the year-earlier quarter.

Revenue: Rose 24.9% to $286.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Berry Petroleum Co. reported adjusted EPS income of $0.73 per share. By that measure, the company missed the mean analyst estimate of $0.76. It beat the average revenue estimate of $276.31 million.

Key Stats (on next page)…

Revenue increased 3.62% from $276.89 million in the previous quarter. EPS increased 8.96% from $0.67 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.88 to a profit $0.8. For the current year, the average estimate has moved down from a profit of $3.48 to a profit of $3.07 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)