WW Grainger Inc reports results for the quarter ended in December - Earnings Summary

WW Grainger

02/02/2024 14:39

* WW Grainger Inc  GWW.N  reported quarterly adjusted
earnings of
$8.33​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$7.14.  The mean expectation of thirteen analysts for the
quarter was for earnings of $8.05 per share. Wall Street
expected results to range from $7.80  to $8.27 per share.
    * Revenue rose 5.1% to $4.00 billion from a year ago;
analysts
expected $4.04 billion. 
    * WW Grainger Inc's reported EPS for the quarter was $7.89​.
    * The company reported quarterly net income of $395 million.
    * WW Grainger Inc shares had risen by 11.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
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 "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 13
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for WW Grainger
Inc
is $809.00 

This summary was machine generated from LSEG data February 2 at
02:39 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
 Dec. 31 2023      8.05           8.33           Beat
 Sep. 30 2023      8.93           9.43           Beat
 Jun. 30 2023      9.13           9.28           Beat
 Mar. 31 2023      8.51           9.61           Beat