Graco Inc reports results for the quarter ended December 31 - Earnings Summary

Graco

27/01/2025 22:02

* Graco Inc  GGG.N  reported quarterly adjusted earnings of
64
cents​​ per share for the quarter ended December 31, lower than
the same quarter last year, when the company reported EPS of 80
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 77 cents per share. Wall Street expected
results to range from 71 cents to 80 cents per share.
    * Revenue fell 3.2% to $548.67 million from a year ago;
analysts
expected $556.44 million. 
    * Graco Inc's reported EPS for the quarter was 63 cents​.
    * The company reported quarterly net income of $108.71
million.
    * Graco Inc shares had risen by 1.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
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 4 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "hold"

Wall Street's median 12-month price target for Graco Inc is
$90.00 
This summary was machine generated from LSEG data January 27 at
10:01 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
 Dec. 31 2024      0.77           0.64           Missed
 Sep. 30 2024      0.76           0.71           Missed
 Jun. 30 2024      0.76           0.76           Met
 Mar. 31 2024      0.74           0.65           Missed