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

Graco

27/07/2022 22:55

* Graco Inc  GGG.N  reported quarterly adjusted earnings of
68
cents​​ per share for the quarter ended in June. The mean
expectation of eleven analysts for the quarter was for earnings
of 67 cents per share.
    * Revenue rose 8.2% to $548.55 million from a year ago;
analysts
expected $533.85 million. 
    * Graco Inc's reported EPS for the quarter was 68 cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.6%
in the last three months.​ 
    * In the last 30 days four analysts negatively revised
earnings
estimates 
    * Graco Inc shares had risen by 5.5% this quarter and
lost 22.2%
so far this year.
    * The company reported quarterly net income of $117.38
million.
    * Wall Street's median 12-month price target for Graco Inc
is
$70.00 
    * 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." 

This summary was machine generated from Refinitiv data July 27
at 09:54 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.67           0.68           Beat
 Mar. 31 2022      0.62           0.57           Missed
 Dec. 31 2021      0.63           0.66           Beat
 Sep. 30 2021      0.63           0.57           Missed