Graco Inc expected to post earnings of 79 cents a share - Earnings Preview

Graco

26/01/2024 21:40

* Graco Inc  GGG.N   GGG  is expected to show a rise in
quarterly
revenue when it reports  results on January 29 for the period
ending December 31 2023
    * The Minneapolis Minnesota-based  company is expected to
report a
1.7% increase in revenue to $564.207 million from $555.05
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data. (Majority is on Total Revenue
Basis)
    * ​LSEG's mean analyst estimate for Graco Inc is for
earnings of
79 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Graco Inc
is
$84.50​, below​ its last closing price of $84.57. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.73        0.73       0.76      Beat    3.5
 Jun. 30 2023  0.80        0.80       0.75      Missed  -5.8
 Mar. 31 2023  0.62        0.62       0.74      Beat    18.9​
 Dec. 31 2022  0.69        0.69       0.73      Beat    6.5
 ​​Sep.        0.64        0.64       0.66      Beat    2.6
 30 2022                                                
 Jun. 30 2022  0.65        0.67       0.68      Beat    1.8​
 Mar. 31 2022  0.63        0.62       0.57      Missed  -8.1
 Dec. 31 2021  0.62        0.63       0.66      Beat    4.6
 This summary was machine generated January 26 at 21:40 GMT.  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)