MSC Industrial Direct Co Inc expected to post earnings of $1.16 a share - Earnings Preview

MSC Industrial Direct

26/03/2024 14:05

* MSC Industrial Direct Co Inc  MSM.N   MSM  is expected
to show a
fall in quarterly revenue when it reports  results on March 28
for the period ending February 29 2024
    * The Melville New York-based  company is expected to report
a
1.6% decrease in revenue to $946.546 million from $961.63
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for MSC Industrial Direct Co
Inc
is for earnings of $1.16 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months. ​
    * Wall Street's median 12-month price target for MSC
Industrial
Direct Co Inc is $110.00​, above​ its last closing price
of $99.01. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Nov. 30 2023  1.31        1.31       1.25      Missed  -4.5
 Aug. 31 2023  1.63        1.62       1.64      Beat    1.1
 May. 31 2023  1.76        1.75       1.74      Missed  -0.5​
 Feb. 28 2023  1.35        1.34       1.45      Beat    8.2
 ​​Nov.        1.47        1.46       1.48      Beat    1.3
 30 2022                                                
 Aug. 31 2022  1.79        1.78       1.79      Beat    0.6​
 May. 31 2022  1.75        1.74       1.82      Beat    4.6
 Feb. 28 2022  1.23        1.22       1.29      Beat    5.6
 This summary was machine generated March 26 at 14:05 GMT.  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)