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

Graco

25/10/2023 23:19

* Graco Inc  GGG.N  reported quarterly adjusted earnings of
76
cents​​ per share for the quarter ended in September. The mean
expectation of nine analysts for the quarter was for earnings of
73 cents per share.
    * Revenue fell 1.1% to $539.67 million from a year ago;
analysts
expected $557.38 million. 
    * Graco Inc's reported EPS for the quarter was 77 cents​.
    * The mean earnings estimate of analysts had fallen by
about 4.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Graco Inc shares had fallen by 3.0% this quarter and
gained 5.2%
so far this year.
    * The company reported quarterly net income of $133.12
million.
    * Wall Street's median 12-month price target for Graco Inc
is
$84.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 25 at 10:19 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.73           0.76           Beat
 Jun. 30 2023      0.80           0.75           Missed
 Mar. 31 2023      0.62           0.74           Beat
 Dec. 31 2022      0.69           0.73           Beat