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

• Greif Inc GEF.N reported quarterly adjusted earnings of $1.03​​ per share for the quarter ended July 31, identical to the same quarter last year. The mean expectation of six analysts for the quarter was for earnings of $1.25 per share. Wall Street expected results to range from 82 cents to $1.60 per share.

• Revenue fell 22% to $1.13 billion from a year ago; analysts expected $1.29 billion.

• Greif Inc's reported EPS for the quarter was $1.10​.

• The company reported quarterly net income of $64 million.

• Greif Inc shares had risen by 1.3% this quarter and gained 7.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.5% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 4 "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, about 13.4% above its last closing price of $65.83

This summary was machine generated from LSEG data August 28 at 05:58 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)