Greif Earnings: Everything You Must Know Now

Greif, Inc. (NYSE:GEF) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Greif, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 6.67% to $0.70 in the quarter versus EPS of $0.75 in the year-earlier quarter.

Revenue: Decreased 0.58% to $1.09 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Greif, Inc. reported adjusted EPS income of $0.70 per share. By that measure, the company missed the mean analyst estimate of $0.89. It missed the average revenue estimate of $1.15 billion.

Quoting Management: David B. Fischer, president and chief executive officer, said, “Overall volumes were modestly higher compared with the same period last year while material costs and restructuring charges were both lower, which contributed to an increase in our consolidated results for the second quarter of 2013. Volume trends in our rigid industrial packaging business continue to vary by region. Our paper packaging business achieved record performance for the quarter. Plans continue to be implemented throughout the company across businesses and geographies to realize additional operating efficiencies. We look forward to achieving further progress during the second half of this year.”

Key Stats (on next page)…

Revenue increased 7.96% from $1.01 billion in the previous quarter. EPS were the same at $0.70 as the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.89 to a profit $0.90. For the current year, the average estimate has moved down from a profit of $3.09 to a profit of $2.94 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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