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

Greif

05/06/2024 22:01

* Greif Inc  GEF.N  reported quarterly adjusted earnings of
82
cents​​ per share for the quarter ended in April, lower than the
same quarter last year, when the company reported EPS of $1.77. 
The mean expectation of five analysts for the quarter was
for earnings of 85 cents per share. Wall Street expected
results to range from 69 cents to $1.06 per share.
    * Revenue rose 4.7% to $1.37 billion from a year ago;
analysts
expected $1.30 billion. 
    * Greif Inc's reported EPS for the quarter was 77 cents​.
    * The company reported quarterly net income of $44.4
million.
    * Greif Inc shares had fallen by 8.3% this quarter and
lost 3.5%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
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 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the non-paper
containers & packaging peer group is also "buy"

Wall Street's median 12-month price target for Greif Inc is
$75.00 
This summary was machine generated from LSEG data June 5 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      0.85           0.82           Missed
 Jan. 31 2024      0.47           1.27           Beat
 Oct. 31 2023      1.30           1.56           Beat
 Jul. 31 2023      1.54           1.75           Beat