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

Global Industrial

01/05/2024 24:52

* Global Industrial Co  GIC.N  reported quarterly adjusted
earnings of 34 cents​​ per share for the quarter ended in March,
lower 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 38 cents per share. Wall Street
expected results to range from 34 cents to 42 cents per share.
    * Revenue rose 18.1% to $323.40 million from a year ago;
analysts
expected $322.27 million. 
    * Global Industrial Co's reported EPS for the quarter was 34
cents​.
    * The company reported quarterly net income of $13.2
million.
    * Global Industrial Co shares had fallen by 12.0% this
quarter and
gained 1.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19.1%
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 April 30 at
11:51 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
 Mar. 31 2024      0.38           0.34           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