Compared to Estimates, Greif (GEF) Q2 Earnings: A Look at Key Metrics

Core Insights - Greif reported revenue of $1.37 billion for the quarter ended April 2024, a year-over-year increase of 4.7% [1] - The EPS for the same period was $0.82, down from $1.77 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $1.31 billion, resulting in a surprise of +4.76% [1] - The company also delivered an EPS surprise of +6.49%, with the consensus EPS estimate being $0.77 [1] Financial Performance Metrics - Global Industrial Packaging net sales were $804.80 million, surpassing the estimated $788.80 million, reflecting a +7.6% change year-over-year [4] - Land Management net sales were $5.40 million, below the estimated $5.78 million, showing a year-over-year decline of -8.5% [4] - Paper Packaging & Services net sales reached $560.80 million, exceeding the estimated $544.17 million, with a +1.1% change compared to the previous year [4] - Adjusted EBITDA for Global Industrial Packaging was $118.30 million, above the estimated $92.01 million [4] - Adjusted EBITDA for Land Management was $2.60 million, slightly below the estimated $2.85 million [4] - Adjusted EBITDA for Paper Packaging & Services was $49 million, below the estimated $61.49 million [4] Stock Performance - Greif's shares returned -0.3% over the past month, while the Zacks S&P 500 composite increased by +3.4% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]