Greif (GEF) Outpaces Stock Market Gains: What You Should Know

Greif (GEF) closed the most recent trading day at $61.91, moving +0.73% from the previous trading session. This change outpaced the S&P 500’s 0.08% gain on the day. Elsewhere, the Dow lost 0.56%, while the tech-heavy Nasdaq lost 4.81%.

Heading into today, shares of the industrial packaging company had gained 3.77% over the past month, outpacing the Industrial Products sector’s gain of 1.34% and the S&P 500’s gain of 0.64% in that time.

Wall Street will be looking for positivity from Greif as it approaches its next earnings report date. On that day, Greif is projected to report earnings of $1.20 per share, which would represent year-over-year growth of 96.72%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.5 billion, up 30.4% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.24 per share and revenue of $6.16 billion. These totals would mark changes of +11.43% and +10.83%, respectively, from last year.

It is also important to note the recent changes to analyst estimates for Greif. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

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