Greif Q3 Adj EPS $1.75 Beats $1.54 Estimate, Sales $1.33B Miss $1.39B Estimate
Portfolio Pulse from Benzinga Newsdesk
Greif (NYSE:GEF) reported Q3 adjusted earnings of $1.75 per share, beating the analyst consensus estimate of $1.54 by 13.64%. However, this is a 25.53% decrease from the same period last year. The company's quarterly sales were $1.33 billion, missing the analyst consensus estimate of $1.39 billion by 4.32%, and marking an 18% decrease from the same period last year.
August 30, 2023 | 8:16 pm
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Greif's Q3 earnings beat estimates but are down YoY. Sales also missed estimates and are down YoY.
While Greif beat earnings estimates, the YoY decrease in both earnings and sales, as well as the missed sales estimates, could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100