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MSM — MSC Industrial Direct News Story

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MSC Industrial Direct Co Inc reports results for the quarter ended November 30 - Earnings Summary

* MSC Industrial Direct Co Inc  MSM.N  reported quarterly
adjusted
earnings of 86 cents​​ per share for the quarter ended November
30, lower than the same quarter last year, when the company
reported EPS of $1.25.  The mean expectation of eight analysts
for the quarter was for earnings of 73 cents per share. Wall
Street expected results to range from 70 cents to 76 cents per
share.
    * Revenue fell 2.7% to $928.48 million from a year ago;
analysts
expected $904.60 million. 
    * MSC Industrial Direct Co Inc's reported EPS for the
quarter was
83 cents​.
    * The company reported quarterly net income of $46.62
million.
    * MSC Industrial Direct Co Inc shares had risen by 6.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.6%
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 no "strong buy" or "buy," 9
"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 $80.00 
This summary was machine generated from LSEG data January 8 at
02:31 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 2024      0.73           0.86           Beat
 Aug. 31 2024      1.08           1.03           Missed
 May. 31 2024      1.33           1.33           Met
 Feb. 29 2024      1.16           1.18           Beat

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