Greif Q2 2024 Adj EPS $0.82 Misses $0.85 Estimate, Sales $1.371B Beat $1.300B Estimate
Portfolio Pulse from Benzinga Newsdesk
Greif (NYSE:GEF) reported Q2 2024 earnings per share of $0.82, missing the analyst consensus estimate of $0.85 by 3.53%. However, the company reported quarterly sales of $1.371 billion, beating the estimate of $1.300 billion by 5.47%. This represents a 4.74% increase over the same period last year.
June 05, 2024 | 8:09 pm
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Greif reported Q2 2024 earnings per share of $0.82, missing the analyst consensus estimate of $0.85 by 3.53%. However, the company reported quarterly sales of $1.371 billion, beating the estimate of $1.300 billion by 5.47%. This represents a 4.74% increase over the same period last year.
While Greif's earnings per share missed estimates, the company's sales exceeded expectations and showed a year-over-year increase. This mixed result may lead to a neutral short-term impact on the stock price as investors weigh the earnings miss against the strong sales performance.
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