Global Industrial Co reports results for the quarter ended in December - Earnings Summary

Global Industrial

01/03/2024 12:57

* Global Industrial Co  GIC.N  reported quarterly adjusted
earnings of 40 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 35 cents.  The mean expectation of
two analysts for the quarter was for earnings of 40 cents per
share. Wall Street expected results to range from 37 cents to 42
cents per share.
    * Revenue rose 22.9% to $320.10 million from a year ago;
analysts
expected $313.49 million. 
    * Global Industrial Co's reported EPS for the quarter was 40
cents​.
    * The company reported quarterly net income of $15.3
million.
    * Global Industrial Co shares had risen by 12.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Global
Industrial
Co is $48.00 

This summary was machine generated from LSEG data March 1 at
12:56 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.40           0.40           Met
 Sep. 30 2023      0.51           0.54           Beat
 Jun. 30 2023      0.42           0.56           Beat
 Mar. 31 2023      0.39           0.35           Missed