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

Global Industrial

31/10/2023 22:21

* Global Industrial Co  GIC.N  reported quarterly adjusted
earnings of 54 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 53 cents.  The mean expectation of
two analysts for the quarter was for earnings of 51 cents per
share. Wall Street expected results to range from 50 cents to 51
cents per share.
    * Revenue rose 18.8% to $354.60 million from a year ago;
analysts
expected $341.14 million. 
    * Global Industrial Co's reported EPS for the quarter was 54
cents​.
    * The company reported quarterly net income of $20.7
million.
    * Global Industrial Co shares had fallen by 4.8% this
quarter and
gained 35.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.9%
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 $43.00 
This summary was machine generated from LSEG data October 31 at
10:20 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.51           0.54           Beat
 Jun. 30 2023      0.42           0.56           Beat
 Mar. 31 2023      0.39           0.35           Missed
 Dec. 31 2022      0.35           0.35           Met