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

WW Grainger

25/04/2024 19:33

* WW Grainger Inc  GWW.N  reported quarterly adjusted
earnings of
$9.62​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$9.61.  The mean expectation of twelve analysts for the quarter
was for earnings of $9.62 per share. Wall Street expected
results to range from $9.42  to $10.14 per share.
    * Revenue rose 3.5% to $4.24 billion from a year ago;
analysts
expected $4.26 billion. 
    * WW Grainger Inc's reported EPS for the quarter was $9.62​.
    * The company reported quarterly net income of $478 million.
    * WW Grainger Inc shares had fallen by 5.8% this quarter and
gained 15.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 13
"hold" and 1 "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 WW Grainger Inc
is $1,000.00 
This summary was machine generated from LSEG data April 25 at
06:33 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
 Mar. 31 2024      9.62           9.62           Met
 Dec. 31 2023      8.05           8.33           Beat
 Sep. 30 2023      8.93           9.43           Beat
 Jun. 30 2023      9.13           9.28           Beat