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

MSC Industrial Direct

09/01/2024 14:33

* MSC Industrial Direct Co Inc  MSM.N  reported quarterly
adjusted
earnings of $1.25​​ per share for the quarter ended in November,
lower than the same quarter last year, when the company reported
EPS of $1.48.  The mean expectation of eight analysts for the
quarter was for earnings of $1.31 per share. Wall Street
expected results to range from $1.25  to $1.43 per share.
    * Revenue fell 0.4% to $953.97 million from a year ago;
analysts
expected $971.30 million. 
    * MSC Industrial Direct Co Inc's reported EPS for the
quarter was
$1.22​.
    * The company reported quarterly net income of $69.35
million.
    * MSC Industrial Direct Co Inc shares had fallen by 5.6%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for MSC Industrial
Direct Co Inc is $107.50 
This summary was machine generated from LSEG data January 9 at
02:32 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
 Nov. 30 2023      1.31           1.25           Missed
 Aug. 31 2023      1.62           1.64           Beat
 May. 31 2023      1.75           1.74           Missed
 Feb. 28 2023      1.34           1.45           Beat