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Stock impact report

Greif (GEF) Up 7.1% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]

Greif Inc. Class A (GEF) 
Last greif inc. class a earnings: 2/26 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Will the recent positive trend continue leading up to its next earnings release, or is Greif due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Greif Q1 Earnings Beat Estimates, Sales Decline Y/Y Greif reported adjusted earnings per share of $1.27 for first-quarter fiscal 2024, beating the Zacks Consensus Estimate of 20 cents. The bottom line increased 20% year over year. Including one-time items, EPS was $1.75 in the quarter compared with $2.31 in the prior-year quarter. Operational Update Sales moved down 5.1% year over year to $1.20 billion due to lower volumes and average selling prices. However, the top line beat the Zacks Consensus Estimate of $1.19 billion. The cost of sales declined 3.5% year over year to $984 million. Gross profit amounted to $222 million, down 11.9% from the prior-year quarter. The gross Show less Read more
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