Greif, Inc. (GEF) reported adjusted earnings per share (EPS) of $1.03 in third-quarter fiscal 2024 (ended July 31, 2024), missing the Zacks Consensus Estimate of $1.17. The bottom line fell 41.1% year over year. Including one-time items, EPS was $1.50 in the quarter compared with $1.55 in the prior-year quarter. Greif's Sales Rise in Q3, Margins Dip GEF's sales moved up 9.3% year over year to $1.45 billion. The top line surpassed the Zacks Consensus Estimate of $1.42 billion. The upside was mainly due to hi ...

Greif (GEF) reported $1.45 billion in revenue for the quarter ended July 2024, representing a year-over-year increase of 9.3%. EPS of $1.03 for the same period compares to $1.75 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.43 billion, representing a surprise of +1.85%. The company delivered an EPS surprise of -11.97%, with the consensus EPS estimate being $1.17. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

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. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -11.97%. A quarter ago, it was expected that this industrial packaging company would post earnings of $0.77 per share when it actually produced earnings of $0.82, delivering a surprise of 6.49%. Over the last four quarters, t ...

Wall Street analysts forecast that Greif (GEF) will report quarterly earnings of $1.18 per share in its upcoming release, pointing to a year-over-year decline of 32.6%. It is anticipated that revenues will amount to $1.43 billion, exhibiting an increase of 7.8% compared to the year-ago quarter. Over the last 30 days, there has been an upward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their ...

Shares of Greif (GEF) have gained 2.5% over the past four weeks to close the last trading session at $58.90, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $76.80 indicates a potential upside of 30.4%. The mean estimate comprises five short-term price targets with a standard deviation of $7.79. While the lowest estimate of $69 indicates a 17.2% increase from the current price l ...

DELAWARE, Ohio, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced it has sold Delta Petroleum Company, Inc. ("Delta"), a North American filling and logistics services business, to PSC Group LLC, a North American leader in product handling, site logistics, railcar repair, and sustainability services for the petrochemical, refining, and marine industries. "We are happy to have worked with the PSC Group in a transact ...

DELAWARE, Ohio, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced it has sold Delta Petroleum Company, Inc. ("Delta"), a North American filling and logistics services business, to PSC Group LLC, a North American leader in product handling, site logistics, railcar repair, and sustainability services for the petrochemical, refining, and marine industries. "We are happy to have worked with the PSC Group in a transact ...

Greif will provide conference call slides in combination with its third quarter earnings press release. The conference call will include management's prepared remarks and a question and answer session. About Greif Bill D'Onofrio 614-499-7233 bill.donofrio@greif.com DELAWARE, Ohio, July 31, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B))), a global leader in industrial packaging products and services, announced today it will report the company's 2024 third quarter financial results after the market c ...

In addition to formal presentations, the Company will provide an opportunity for question and answer sessions with the Executive Leadership Team. A live webcast of the event will be available on the Company's Investor Relations webpage. Presentation materials will be posted the morning of the event and a recording of the webcast will be made available following the event. Contact: Bill D'Onofrio (614) 499-7233 bill.donofrio@greif.com DELAWARE, Ohio, July 24, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, G ...

Due to this performance, the company's shares have lost 7% in the past month compared with the industry's 1.5% decline. High Costs Offset Volume Improvements in Q2 Greif witnessed a slight improvement in volumes in the fiscal second quarter in both segments, with a 1.7% rise in Global Industrial Packaging and 2.2% in Paper Packaging Services. This led to a 4.7% rise in total revenues for the April-ended quarter. Notably, Greif had been witnessing a decline in adjusted earnings since the fourth quarter of fi ...