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

MSC Industrial Direct

02/07/2024 14:51

* MSC Industrial Direct Co Inc  MSM.N  reported quarterly
adjusted
earnings of $1.33​​ per share for the quarter ended in May,
lower than the same quarter last year, when the company reported
EPS of $1.74.  The mean expectation of eight analysts for the
quarter was for earnings of $1.33 per share. Wall Street
expected results to range from $1.32  to $1.34 per share.
    * Revenue fell 7.1% to $979.35 million from a year ago;
analysts
expected $979.10 million. 
    * MSC Industrial Direct Co Inc's reported EPS for the
quarter was
$1.27​.
    * The company reported quarterly net income of $71.71
million.
    * MSC Industrial Direct Co Inc shares had fallen by 1.4%
this
quarter and lost 22.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 15.5%
in the last three months.​ 
    * In the last 30 days, eight analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 7
"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 $82.00 
This summary was machine generated from LSEG data July 2 at
01:51 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
 May. 31 2024      1.33           1.33           Met
 Feb. 29 2024      1.16           1.18           Beat
 Nov. 30 2023      1.31           1.25           Missed
 Aug. 31 2023      1.62           1.64           Beat