Global Industrial Co reports results for the quarter ended in September 30 - Earnings Summary

Global Industrial

30/10/2024 03:04

* Global Industrial Co  GIC.N  reported quarterly adjusted
earnings of 44 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 54 cents.  The mean expectation of two analysts
for the quarter was for earnings of 58 cents per share. Wall
Street expected results to range from 54 cents to 62 cents per
share.
    * Revenue fell 3.4% to $342.40 million from a year ago;
analysts
expected $356.37 million. 
    * Global Industrial Co's reported EPS for the quarter was 44
cents​.
    * The company reported quarterly net income of $16.8
million.
    * Global Industrial Co shares had fallen by 2.0% this
quarter and
lost 14.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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." 
    * The average consensus recommendation for the diversified
industrial goods wholesale peer group is also "hold"

Wall Street's median 12-month price target for Global Industrial
Co is 45.00 
This summary was machine generated from LSEG data October 30 at
03:03 a.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
 Sep. 30 2024      0.58           0.44           Missed
 Jun. 30 2024      0.52           0.52           Met
 Mar. 31 2024      0.38           0.34           Missed
 Dec. 31 2023      0.40           0.40           Met