Greif Q1 2024 Adj EPS $1.27 Beats $0.47 Estimate, Sales $1.21B Miss $1.28B Estimate
Portfolio Pulse from Benzinga Newsdesk
Greif (NYSE:GEF) reported Q1 2024 adjusted EPS of $1.27, surpassing the $0.47 estimate by 170.21%, but its sales of $1.21B fell short of the $1.28B estimate by 5.52% and decreased 5.11% year-over-year.
February 28, 2024 | 10:05 pm
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Greif's Q1 2024 earnings report showed a significant beat on EPS estimates but a miss on sales forecasts, with a year-over-year decrease.
The substantial beat on the EPS estimate is likely to be viewed positively by investors, indicating strong profitability. However, the miss on sales forecasts and the year-over-year decrease could raise concerns about revenue growth, potentially balancing out the positive impact on the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100