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

Graco

29/01/2024 22:02

* Graco Inc  GGG.N  reported quarterly adjusted earnings of
80
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 73
cents.  The mean expectation of nine analysts for the quarter
was for earnings of 79 cents per share. Wall Street expected
results to range from 75 cents to 83 cents per share.
    * Revenue rose 2.1% to $566.64 million from a year ago;
analysts
expected $562.98 million. 
    * Graco Inc's reported EPS for the quarter was 64 cents​.
    * The company reported quarterly net income of $109.95
million.
    * Graco Inc shares had fallen by 2.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.1%
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 3 "strong buy" or "buy," 9
"hold" and no "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
$84.50 
This summary was machine generated from LSEG data January 29 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 2023      0.79           0.80           Beat
 Sep. 30 2023      0.73           0.76           Beat
 Jun. 30 2023      0.80           0.75           Missed
 Mar. 31 2023      0.62           0.74           Beat