Greif, Inc. (GEF) saw a big move last session, as the company’s shares fell by nearly 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for GEF, as the stock is now down 12% in the past five days.
On May 28, 2015, Greif announced a revised guidance for its fiscal year ending Oct 31, 2015 where the company has lowered its projected fiscal year adjusted earnings.
This slump shouldn’t be too much of a surprise to investors, as the metal/glass containers company has seen its current year earnings consensus move lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
GEF currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Another better-ranked stock in the broader industrial products sector is Advanced Emissions Solutions, Inc. (ADES) with a Zacks Rank #1 (Strong Buy).
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