Greif Bros. Corporation (NYSE:GEF) is set to announce fourth quarter earning results on Wednesday 9th December 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, GEF to report 4Q20 income of $ 0.72 per share.
For the full year, analysts anticipate top line of $ 4522.78 million, while looking forward to income of $ 3.17 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.00 ~ $ 3.20 per share
Click Here For More Historical Outlooks Of Greif Bros. Corporation
Previous Quarter Performance
Greif Bros. Corporation came out with income for the third quarter of $ 0.85 per share, from the revenue of $ 1,083.00 million. The quarterly earnings 32.54 percent while revenues decreased 13.54 percent compared with the same quarter last year. The top line results fell short of analysts by $ 51.63 million or 4.55 percent.
Stock Performance
Shares of Greif Bros. Corporation traded up $ 0.80 or 1.60 percent on Tuesday, reaching $ 50.84 with volume of 215.80 thousand shares. Greif Bros. Corporation has traded high as $ 51.01 and has cracked $ 49.38 on the downward trend
According to the previous trading day, closing price of $ 50.84, representing a 111.59 % increase from the 52 week low of $ 23.65 and a 2.4 % decrease over the 52 week high of $ 51.27.
The company has a market capital of $ 2.45 billion and is part of the Consumer Cyclical sector and Packaging & Containers industry.
Recent Analyst recommendations
- On 12th October 2020, upgraded by BMO Capital Markets to Outperform from Market Perform rating, with $ 49.00 target price.
Greif, Inc. produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management.
