Greif Q3 2024 Adj. EPS $1.03 Misses $1.14 Estimate, Sales $1.454B Beat $1.433B Estimate
Portfolio Pulse from Benzinga Newsdesk
Greif reported Q3 2024 earnings per share of $1.03, missing the $1.14 estimate, but sales of $1.454 billion beat the $1.433 billion estimate. EPS decreased by 41.14% from last year, while sales increased by 9.32%.
August 28, 2024 | 8:12 pm
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NEGATIVE IMPACT
Greif's Q3 2024 earnings per share of $1.03 missed analyst estimates by 9.65%, showing a significant decrease from last year. However, sales of $1.454 billion exceeded expectations, indicating strong revenue growth.
The miss on EPS is significant, as it was below analyst expectations by 9.65% and represents a 41.14% decrease from the previous year, which could negatively impact investor sentiment. However, the beat on sales suggests some positive operational performance, but the overall impact is likely negative due to the earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100