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Greif Inc reports results for the quarter ended in October - Earnings Summary
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Greif Inc reports results for the quarter ended in October - Earnings Summary
  • 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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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