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

Graco

27/04/2023 01:54

* Graco Inc  GGG.N  reported quarterly adjusted earnings of
74
cents​​ per share for the quarter ended in March. The mean
expectation of eight analysts for the quarter was for earnings
of 62 cents per share.
    * Revenue rose 7.2% to $529.65 million from a year ago;
analysts
expected $501.90 million. 
    * Graco Inc's reported EPS for the quarter was 75 cents​.
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Graco Inc shares had fallen by 4.0% this quarter and
gained 4.2%
so far this year.
    * The company reported quarterly net income of $129.17
million.
    * Wall Street's median 12-month price target for Graco Inc
is
$77.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 27 at 12:54 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.67           0.68           Beat