Global Industrial Co expected to post earnings of 58 cents a share - Earnings Preview

Global Industrial

27/10/2024 14:49

* Global Industrial Co  GIC.N   GIC  is expected to show a
rise in
quarterly revenue when it reports  results on October 29 for the
period ending September 30 2024
    * The Port Washington New York-based  company is expected to
report a 0.5% increase in revenue to $356.368 million from
$354.6 million a year ago, according to the mean estimate from 2
analysts, based on LSEG data.The company's guidance on August 14
2024, for the period ended September 30, was for revenue between
$165.70 million and $171.70 million.
    * ​LSEG's mean analyst estimate for Global Industrial Co is
for
earnings of 58 cents per share. 
    * The one available analyst rating on the shares is
"hold".  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Global
Industrial
Co is 45.00​, above​ its last closing price of $33.52. ​​​

The company's guidance on August 14 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD165.7 million and
USD31 million.
This summary was machine generated October 27 at 14:49 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)