Greif (GEF) Set to Announce Q1 Earnings on January 27
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Earnings Announcement Date: Greif is scheduled to release its Q1 2023 earnings on January 27 after market close, with a consensus EPS estimate of $0.68, reflecting a significant year-over-year increase of 74.4%, indicating improved profitability.
- Revenue Expectations: The revenue estimate stands at $1.01 billion, representing a year-over-year decline of 20.5%, which highlights the challenges the company faces in the current economic environment that may impact its market performance.
- Historical Performance Review: Over the past two years, Greif has beaten EPS estimates 63% of the time and revenue estimates 75% of the time, demonstrating relative stability in its financial forecasting.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen five upward revisions and one downward revision, while revenue estimates have experienced one upward revision and three downward revisions, indicating mixed market sentiment regarding the company's future performance.
Analyst Views on GEF
Wall Street analysts forecast GEF stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GEF is 71.25 USD with a low forecast of 60.00 USD and a high forecast of 79.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
0 Buy
5 Hold
0 Sell
Hold
Current: 72.030
Low
60.00
Averages
71.25
High
79.00
Current: 72.030
Low
60.00
Averages
71.25
High
79.00
About GEF
Greif, Inc. specializes in industrial packaging products and services. Its Customized Polymer Solutions segment is involved in the production and sale of a comprehensive line of polymer-based packaging products, such as plastic drums, rigid intermediate bulk containers and small plastics. The Durable Metal Solutions segment is involved in the production and sale of metal-based packaging products, including a variety of steel drums. The Sustainable Fiber Solutions segment is engaged in the production and sale of fiber-based packaging products, including fiber drums, corrugated sheets, corrugated containers, uncoated recycled board, coated recycled board, uncoated recycled board and coated recycled board. The Integrated Solutions segment is engaged in the production and sale of complimentary packaging products, such as paints, linings and closure systems for industrial packaging products and related services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
