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

Greif

29/02/2024 03:24

* Greif Inc  GEF.N  reported quarterly adjusted earnings of
$1.27​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of
$1.06.  The mean expectation of four analysts for the quarter
was for earnings of 47 cents per share. Wall Street expected
results to range from -4 cents to 72 cents per share.
    * Revenue fell 5.1% to $1.21 billion from a year ago;
analysts
expected $1.26 billion. 
    * Greif Inc's reported EPS for the quarter was $1.17​.
    * The company reported quarterly net income of $67.2
million.
    * Greif Inc shares had fallen by 5.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 43.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"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
$76.00 
This summary was machine generated from LSEG data February 29 at
03:23 a.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
 Jan. 31 2024      0.47           1.27           Beat
 Oct. 31 2023      1.30           1.56           Beat
 Jul. 31 2023      1.54           1.75           Beat
 Apr. 30 2023      1.32           1.77           Beat