Greif, Inc. (GEF - Free Report) , a manufacturer of industrial packaging products, bulk containers, and containerboard as well as corrugated products has been performing well off late. Shares of this Zacks Rank #1 (Strong Buy) stock have gained 55% year to date.
If you haven’t taken advantage of the share price appreciation yet, the time is right for you to add the stock as Greif looks promising and is poised to carry the momentum ahead. Additionally, the stock carries a long-term earnings growth rate of 8.67% and a VGM Score of “B.”
Strong Third Quarter
Greif performed impressively in the fiscal third quarter 2016, delivering an improvement in its bottom line despite a decline in its top line. Adjusted earnings came in at 91 cents, a 52% climb year over year, also surpassing the Zacks Consensus Estimate of 72 cents. Revenues on the other hand slumped 9% year over year to $845 million due to weakness in agricultural markets in Europe and North America.
Upbeat Guidance
Greif raised its earnings per share guidance for fiscal 2016 to the range of $2.36−$2.56, from the prior band of $2.20−$2.46. The company expects results to benefit from continuous focus on customer service excellence and fundamental operational improvements despite a sustained sluggish global industrial economy, weaker containerboard prices and weaker-than-expected seasonal agricultural sales.
GREIF INC Price and Consensus
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Greif, Inc. (GEF - Free Report) , a manufacturer of industrial packaging products, bulk containers, and containerboard as well as corrugated products has been performing well off late. Shares of this Zacks Rank #1 (Strong Buy) stock have gained 55% year to date.
If you haven’t taken advantage of the share price appreciation yet, the time is right for you to add the stock as Greif looks promising and is poised to carry the momentum ahead. Additionally, the stock carries a long-term earnings growth rate of 8.67% and a VGM Score of “B.”
Strong Third Quarter
Greif performed impressively in the fiscal third quarter 2016, delivering an improvement in its bottom line despite a decline in its top line. Adjusted earnings came in at 91 cents, a 52% climb year over year, also surpassing the Zacks Consensus Estimate of 72 cents. Revenues on the other hand slumped 9% year over year to $845 million due to weakness in agricultural markets in Europe and North America.
Upbeat Guidance
Greif raised its earnings per share guidance for fiscal 2016 to the range of $2.36−$2.56, from the prior band of $2.20−$2.46. The company expects results to benefit from continuous focus on customer service excellence and fundamental operational improvements despite a sustained sluggish global industrial economy, weaker containerboard prices and weaker-than-expected seasonal agricultural sales.
GREIF INC Price and Consensus
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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