Greif Q2 Earnings Preview

On Wednesday, Greif GEF will release its latest earnings report. Decipher the announcement with Benzinga's help.

Earnings and Revenue

Greif earnings will be near 85 cents per share on sales of $969 million, according to analysts.

In the same quarter last year, Greif announced EPS of 67 cents on revenue of $887.4 million. If the company were to post earnings inline with the consensus estimate when it reports Wednesday, EPS would be up 26.87 percent. Revenue would be up 9.21 percent on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Stock Performance

Over the past 52-week period, shares of Greif have declined 0.28 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The average rating by analysts on Greif stock is a Sell. The strength of this rating has maintained conviction over the past 90 days.