The headline numbers for Greif (GEF) give insight into how the company performed in the quarter ended October 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Greif (GEF) came out with quarterly earnings of $0.85 per share, missing the Zacks Consensus Estimate of $1.08 per share. This compares to earnings of $1.56 per share a year ago.
Evaluate the expected performance of Greif (GEF) for the quarter ended October 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Greif, Inc.'s recent financial performance has been mixed, with rising revenue but declining profits and cash flows, yet shares remain attractively priced. Despite weak results and a 2.1% stock decline, I maintain a “buy” rating due to Greif's growth potential and significant capital investments. Recent acquisitions, including Ipackchem and Lee Container, highlight Greif's growth strategy, though they complicate year-over-year comparisons.
GEF opens a facility in Johor, Malaysia, to deliver high-quality packaging solutions.
Evaluate Greif's (GEF) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.
Greif, Inc. GEF reported worse-than-expected earnings for its third quarter, after the closing bell on Wednesday.
Greif, Inc. (NYSE:GEF ) Q3 2024 Earnings Conference Call August 29, 2024 8:30 AM ET Company Participants Bill D'Onofrio - Vice President, Investor Relations and Corporate Development Ole Rosgaard - Chief Executive Officer Larry Hilsheimer - Chief Financial Officer Matt Eichmann - Chief Marketing Officer Conference Call Participants Matt Roberts - Raymond James Ghansham Panjabi - Baird Mike Roxland - Truist Securities Gabe Hajde - Wells Fargo Brian Butler - Stifel George Staphos - Bank of America Securities Operator Good day. Thank you for standing by.
GEF Q3 top-line reflects gains from higher volumes, increased average selling prices and gains from recent acquisitions.
While the top- and bottom-line numbers for Greif (GEF) give a sense of how the business performed in the quarter ended July 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Greif (GEF) came out with quarterly earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.75 per share a year ago.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Greif (GEF), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended July 2024.