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

Graco

26/07/2023 22:51

* Graco Inc  GGG.N  reported quarterly adjusted earnings of
75
cents​​ per share for the quarter ended in June. The mean
expectation of nine analysts for the quarter was for earnings of
80 cents per share.
    * Revenue rose 2% to $559.64 million from a year ago;
analysts
expected $576.08 million. 
    * Graco Inc's reported EPS for the quarter was 78 cents​.
    * The mean earnings estimate of analysts had risen by
about 10.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Graco Inc shares had risen by 0.4% this quarter and
gained 28.9%
so far this year.
    * The company reported quarterly net income of $134.27
million.
    * Wall Street's median 12-month price target for Graco Inc
is
$88.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 09:51 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.80           0.75           Missed
 Mar. 31 2023      0.62           0.74           Beat
 Dec. 31 2022      0.69           0.73           Beat
 Sep. 30 2022      0.64           0.66           Beat