Greif Analysts Increase Their Forecasts After Q2 Results
Portfolio Pulse from Avi Kapoor
Greif, Inc. (NYSE:GEF) reported mixed Q2 results, missing earnings estimates but exceeding sales expectations. The company highlighted progress on its Build to Last Strategy and provided FY24 adjusted EBITDA guidance. Analysts from B of A Securities and Wells Fargo raised their price targets for Greif.
June 07, 2024 | 1:15 pm
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Greif, Inc. reported mixed Q2 results with earnings missing estimates but sales exceeding expectations. The company highlighted progress on its Build to Last Strategy and provided FY24 adjusted EBITDA guidance. Analysts from B of A Securities and Wells Fargo raised their price targets.
Despite missing earnings estimates, Greif exceeded sales expectations and provided positive guidance for FY24 adjusted EBITDA. Analysts raised their price targets, indicating a positive outlook. This is likely to have a short-term positive impact on the stock price.
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