Greif Analysts Slash Their Forecasts After Q3 Earnings
Greif Analysts Slash Their Forecasts After Q3 Earnings
Greif continues to expect FY24 adjusted EBITDA of $675 million to $725 million and adjusted free cash flow of $175 million to $225 million.Greif, Inc. (NYSE:GEF) reported worse-than-expected earnings for its third quarter, after the closing bell on Wednesday.
格瑞夫公司（紐交所：GEF）週三收盤後發佈了第三季度比預期更糟的盈利報告。
Greif reported quarterly earnings of $1.03 per share which missed the analyst consensus estimate of $1.14 per share. The company reported quarterly sales of $1.454 billion which beat the analyst consensus estimate of $1.433 billion, according to data from Benzinga Pro.
格瑞夫報告每股1.03美元的季度收益，低於分析師普遍預期的每股1.14美元。根據Benzinga Pro的數據，公司報告的季度銷售額爲145.4億美元，超過分析師的143.3億美元的預期。
"We are proud to present another solid quarter of performance for Greif," stated Ole Rosgaard, President and CEO, "While global markets remain uncertain, our diligence in maintaining close contact with our customers has resulted in positive volume momentum in all regions. We are also making strides internally. We are nearing completion of the previously announced internal re-alignment of operating and commercial functions and plan to discuss the benefits of that transition in greater detail at our upcoming Investor Day on December 11".
「我們爲格瑞夫再次實現穩健的季度業績感到自豪，」總裁兼首席執行官Ole Rosgaard表示，「儘管全球市場仍不確定，但我們與客戶保持密切聯繫的努力導致各地區正面成交量勢頭。我們內部也在取得進展。我們即將完成先前宣佈的運營和商業功能的內部重組，並計劃在12月11日舉行的投資者日上更詳細地討論轉型的益處。」
Greif continues to expect FY24 adjusted EBITDA of $675 million to $725 million and adjusted free cash flow of $175 million to $225 million.
格瑞夫繼續預計FY24調整後的EBITDA爲6.75億至7.25億美元，調整後的自由現金流爲1.75億至2.25億美元。
Greif shares gained 0.9% to trade at $62.47 on Friday.
週五，格瑞夫股價上漲0.9％，交易價格爲62.47美元。
These analysts made changes to their price targets on Greif following earnings announcement.
這些分析師根據業績公告對格瑞夫的目標價進行了調整。
- Truist Securities analyst Michael Roxland reiterated Greif with a Hold rating, while cutting the price target from $69 to $67.
- Stifel analyst Brian Butler reiterated the stock with a Buy rating, while lowering the price target from $88 to $85.
- B of A Securities analyst George Staphos maintained Greif with a Buy rating, while cutting the price target from $77 to $73.
- Truist Securities分析師Michael Roxland重申了對格瑞夫的持有評級，同時將目標價從69美元下調至67美元。
- Stifel分析師Brian Butler重申了對該股票的買入評級，同時將目標價從88美元下調至85美元。
- B of A證券分析師喬治·斯塔福斯維持Greif評級爲買入，同時將目標價從77美元降至73美元。
Considering buying GEF stock? Here's what analysts think:
考慮購買GEF股票嗎？以下是分析師的看法：
- How To Earn $500 A Month From Dick's Sporting Goods Stock Ahead Of Q2 Earnings
- 如何在迪克體育用品（Dick's Sporting Goods）第二季度的收益發布前每月賺取500美元
譯文內容由第三人軟體翻譯。