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

Global Industrial

02/08/2023 02:49

* Global Industrial Co  GIC.N  reported quarterly adjusted
earnings of 56 cents​​ per share for the quarter ended in June.
The mean expectation of two analysts for the quarter was
for earnings of 42 cents per share.
    * Revenue rose 2.3% to $325.80 million from a year ago;
analysts
expected $301.42 million. 
    * Global Industrial Co's reported EPS for the quarter was 56
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Global Industrial Co shares had risen by 2.6% this
quarter and
gained 21.1% so far this year.
    * The company reported quarterly net income of $21.5
million.
    * Wall Street's median 12-month price target for Global
Industrial
Co is $43.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 01:48 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.42           0.56           Beat
 Mar. 31 2023      0.39           0.35           Missed
 Dec. 31 2022      0.35           0.35           Met
 Sep. 30 2022      0.59           0.53           Missed