Earnings Preview: Greif
Portfolio Pulse from Benzinga Insights
Greif (NYSE:GEF) is scheduled to release its quarterly earnings report on February 28, 2024, with analysts predicting an EPS of $0.47. Investors are hopeful for a beat on this estimate and positive future guidance. Greif's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat followed by a 3.34% drop. Shares are currently trading at $62.35, down 15.71% over the last year, indicating a bearish sentiment among long-term shareholders.
February 27, 2024 | 5:01 pm
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Greif is expected to report an EPS of $0.47 for the upcoming quarter. Historical data shows mixed reactions to past earnings, with the last beat followed by a stock price drop. Shares have declined 15.71% over the past year, reflecting bearish sentiment.
The anticipation of Greif's earnings report and its EPS estimate of $0.47, combined with its history of mixed stock reactions to earnings announcements, suggests a neutral short-term impact. The bearish long-term sentiment, indicated by a 15.71% decline over the past year, may temper any positive reaction to an earnings beat unless accompanied by strong future guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100