Greif Inc reports results for the quarter ended October 31 - Earnings Summary

Greif

04/12/2024 22:01

* Greif Inc  GEF.N  reported quarterly adjusted earnings of
85
cents​​ per share for the quarter ended October 31, lower than
the same quarter last year, when the company reported EPS of
$1.56.  The mean expectation of seven analysts for the quarter
was for earnings of $1.10 per share. Wall Street expected
results to range from 99 cents to $1.23 per share.
    * Revenue rose 8.3% to $1.42 billion from a year ago;
analysts
expected $1.41 billion. 
    * Greif Inc's reported EPS for the quarter was $1.08​.
    * The company reported quarterly net income of $63.4
million.
    * Greif Inc shares had risen by 13.6% this quarter and
gained 8.6%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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
$80.50 
This summary was machine generated from LSEG data December 4 at
10:00 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
 Oct. 31 2024      1.10           0.85           Missed
 Jul. 31 2024      1.14           1.03           Missed
 Apr. 30 2024      0.85           0.82           Missed
 Jan. 31 2024      0.47           1.27           Beat