We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What Analyst Projections for Key Metrics Reveal About W.W. Grainger (GWW) Q1 Earnings
Read MoreHide Full Article
Wall Street analysts expect W.W. Grainger (GWW - Free Report) to post quarterly earnings of $9.46 per share in its upcoming report, which indicates a year-over-year decline of 1.7%. Revenues are expected to be $4.33 billion, up 2.4% from the year-ago quarter.
Over the last 30 days, there has been an upward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific W.W. Grainger metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts predict that the 'Net Sales- High-Touch Solutions N.A.' will reach $3.44 billion. The estimate points to a change of +1.1% from the year-ago quarter.
Analysts' assessment points toward 'Net Sales- Endless Assortment' reaching $812.42 million. The estimate suggests a change of +8.2% year over year.
The consensus among analysts is that 'Net Sales- Other' will reach $80.91 million. The estimate indicates a year-over-year change of +2.4%.
Analysts expect 'Total Reported Growth' to come in at 2.9%. Compared to the current estimate, the company reported 3.5% in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Operating earnings (losses)- High-Touch Solutions N.A.' should arrive at $594.97 million. Compared to the current estimate, the company reported $610 million in the same quarter of the previous year.
The average prediction of analysts places 'Operating earnings (losses)- Endless Assortment' at $68.83 million. Compared to the present estimate, the company reported $59 million in the same quarter last year.
Over the past month, shares of W.W. Grainger have returned +4% versus the Zacks S&P 500 composite's -4.3% change. Currently, GWW carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
What Analyst Projections for Key Metrics Reveal About W.W. Grainger (GWW) Q1 Earnings
Wall Street analysts expect W.W. Grainger (GWW - Free Report) to post quarterly earnings of $9.46 per share in its upcoming report, which indicates a year-over-year decline of 1.7%. Revenues are expected to be $4.33 billion, up 2.4% from the year-ago quarter.
Over the last 30 days, there has been an upward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific W.W. Grainger metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts predict that the 'Net Sales- High-Touch Solutions N.A.' will reach $3.44 billion. The estimate points to a change of +1.1% from the year-ago quarter.
Analysts' assessment points toward 'Net Sales- Endless Assortment' reaching $812.42 million. The estimate suggests a change of +8.2% year over year.
The consensus among analysts is that 'Net Sales- Other' will reach $80.91 million. The estimate indicates a year-over-year change of +2.4%.
Analysts expect 'Total Reported Growth' to come in at 2.9%. Compared to the current estimate, the company reported 3.5% in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Operating earnings (losses)- High-Touch Solutions N.A.' should arrive at $594.97 million. Compared to the current estimate, the company reported $610 million in the same quarter of the previous year.
The average prediction of analysts places 'Operating earnings (losses)- Endless Assortment' at $68.83 million. Compared to the present estimate, the company reported $59 million in the same quarter last year.
View all Key Company Metrics for W.W. Grainger here>>>
Over the past month, shares of W.W. Grainger have returned +4% versus the Zacks S&P 500 composite's -4.3% change. Currently, GWW carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>