MSC Industrial Direct Co Inc reports results for the quarter ended in August 31 - Earnings Summary

MSC Industrial Direct

24/10/2024 17:19

* MSC Industrial Direct Co Inc  MSM.N  reported quarterly
adjusted
earnings of $1.03​​ per share for the quarter ended August 31,
lower than the same quarter last year, when the company reported
EPS of $1.64.  The mean expectation of eight analysts for the
quarter was for earnings of $1.08 per share. Wall Street
expected results to range from $1.05  to $1.10 per share.
    * Revenue fell 8% to $952.28 million from a year ago;
analysts
expected $959.73 million. 
    * MSC Industrial Direct Co Inc's reported EPS for the
quarter was
99 cents​.
    * The company reported quarterly net income of $55.69
million.
    * MSC Industrial Direct Co Inc shares had fallen by 6.1%
this
quarter and lost 20.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
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 1 "strong buy" or "buy," 8
"hold" and no "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 MSC Industrial
Direct Co Inc is 87.00 
This summary was machine generated from LSEG data October 24 at
04:19 p.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
 Aug. 31 2024      1.08           1.03           Missed
 May. 31 2024      1.33           1.33           Met
 Feb. 29 2024      1.16           1.18           Beat
 Nov. 30 2023      1.31           1.25           Missed