Greif Inc GEF.N reported quarterly adjusted earnings of $1.56 per share for the quarter ended in October, lower than the same quarter last year, when the company reported EPS of $1.83. The mean expectation of four analysts for the quarter was for earnings of $1.30 per share. Wall Street expected results to range from $1.17 to $1.41 per share.
Revenue fell 12.5% to $1.31 billion from a year ago; analysts expected $1.34 billion.
Greif Inc's reported EPS for the quarter was $1.16.
The company reported quarterly income of $67.8 million.
Greif Inc shares had risen by 4.3% this quarter and gained 3.9% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 0.9% in the last three months.
In the last 30 days, there have been revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and "sell" or "strong sell."
The average consensus recommendation for the -paper containers & packaging peer group is "hold."
Wall Street's median 12-month price target for Greif Inc is $74.50
This summary was machine generated from LSEG data December 7 at 06:12 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)
QUARTER ENDING |
ESTIMATE |
ACTUAL |
BEAT, MET, MISSED |
Oct. 31 2023 |
1.30 |
1.56 |
Beat |
Jul. 31 2023 |
1.54 |
1.75 |
Beat |
Apr. 30 2023 |
1.32 |
1.77 |
Beat |
Jan. 31 2023 |
1.25 |
1.06 |
Missed |