Greif (GEF) got here out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Es
Greif (GEF) got here out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $1.24 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 8.33%. 1 / 4 in the past, it was anticipated that this industrial packaging firm would put up earnings of $0.86 per share when it truly produced earnings of $0.85, delivering a shock of -1.16%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 3 times.
Greif, which belongs to the Zacks Containers – Paper and Packaging trade, posted revenues of $1.16 billion for the quarter ended October 2020, lacking the Zacks Consensus Estimate by 0.34%. This compares to year-ago revenues of $1.23 billion. The corporate has not been capable of beat consensus income estimates over the past 4 quarters.
The sustainability of the inventory’s fast worth motion based mostly on the recently-released numbers and future earnings expectations will principally depend upon administration’s commentary on the earnings name.
Greif shares have added about 15% for the reason that starting of the 12 months versus the S&P 500’s achieve of 14.6%.
What’s Subsequent for Greif?
Whereas Greif has outperformed the market up to now this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist traders handle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified currently.
Empirical analysis reveals a robust correlation between near-term inventory actions and developments in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested ranking device just like the Zacks Rank, which has a formidable monitor file of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for Greif was combined. Whereas the magnitude and path of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out according to the market within the close to future. You possibly can see the whole listing of at present’s Zacks #1 Rank (Robust Purchase) shares right here.
It will likely be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.63 on $1.06 billion in revenues for the approaching quarter and $3.49 on $4.55 billion in revenues for the present fiscal 12 months.
Buyers must be conscious of the truth that the outlook for the trade can have a fabric impression on the efficiency of the inventory as effectively. By way of the Zacks Trade Rank, Containers – Paper and Packaging is at the moment within the prime 28% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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Greif, Inc. (GEF): Free Inventory Evaluation Report
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