Graco Inc reports results for the quarter ended in September 30 - Earnings Summary

Graco

24/10/2024 04:21

* Graco Inc  GGG.N  reported quarterly adjusted earnings of
71
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 76
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 76 cents per share. Wall Street expected
results to range from 74 cents to 78 cents per share.
    * Revenue fell 3.8% to $519.21 million from a year ago;
analysts
expected $538.68 million. 
    * Graco Inc's reported EPS for the quarter was 71 cents​.
    * The company reported quarterly net income of $122.2
million.
    * Graco Inc shares had fallen by 4.2% this quarter and
lost 3.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 8
"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
$87.62 
This summary was machine generated from LSEG data October 24 at
03:21 a.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
 Sep. 30 2024      0.76           0.71           Missed
 Jun. 30 2024      0.76           0.76           Met
 Mar. 31 2024      0.74           0.65           Missed
 Dec. 31 2023      0.79           0.80           Beat