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Market Overview

Earnings Outlook for Greif

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On Wednesday, February 24, Greif (NYSE:GEF) will release its latest earnings report. Benzinga's outlook for Greif is included in the following report.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Wall Street expects EPS of $0.54 and sales around $1.12 billion. In the same quarter last year, Greif reported earnings per share of $0.64 on revenue of $1.11 billion.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to report earnings in line when it publishes results Wednesday, quarterly profit would be down 15.62%. Revenue would be up 0.72% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q4 2020 Q3 2020 Q2 2020 Q1 2020
EPS Estimate 0.72 0.85 0.80 0.55
EPS Actual 0.78 0.85 0.95 0.64
Revenue Estimate 1.17 B 1.13 B 1.16 B 1.16 B
Revenue Actual 1.16 B 1.08 B 1.16 B 1.11 B

Stock Performance

Over the last 52-week period, shares are up 28.07%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Do not be surprised to see the stock move on comments made during its conference call. Greif is scheduled to hold the call at 08:30:00 ET and can be accessed here.

 

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Posted-In: BZI-EPEarnings