W.W. Grainger (GWW - Free Report) reported $4.21 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 6.8%. EPS of $9.43 for the same period compares to $8.27 a year ago.
The reported revenue represents a surprise of -0.52% over the Zacks Consensus Estimate of $4.23 billion. With the consensus EPS estimate being $8.85, the EPS surprise was +6.55%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how W.W. Grainger performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Reported Growth: 6.7% versus the six-analyst average estimate of 7.5%.
- Total Organic growth (Daily, constant currency sales): 8.7% versus the two-analyst average estimate of 8.3%.
- Net Sales- High-Touch Solutions N.A. $3.40 billion compared to the $3.40 billion average estimate based on five analysts. The reported number represents a change of +7% year over year.
- Net Sales- Other: $73 million compared to the $68.25 million average estimate based on five analysts. The reported number represents a change of +19.7% year over year.
- Net Sales- Endless Assortment: $732 million compared to the $751.93 million average estimate based on five analysts. The reported number represents a change of +4.4% year over year.
- Operating earnings (losses)- Endless Assortment: $55 million compared to the $58.06 million average estimate based on four analysts.
- Operating earnings (losses)- High-Touch Solutions N.A. $612 million versus the four-analyst average estimate of $579.67 million.
View all Key Company Metrics for W.W. Grainger here>>>Shares of W.W. Grainger have returned -3.2% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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W.W. Grainger (GWW - Free Report) reported $4.21 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 6.8%. EPS of $9.43 for the same period compares to $8.27 a year ago.
The reported revenue represents a surprise of -0.52% over the Zacks Consensus Estimate of $4.23 billion. With the consensus EPS estimate being $8.85, the EPS surprise was +6.55%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how W.W. Grainger performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Reported Growth: 6.7% versus the six-analyst average estimate of 7.5%.
- Total Organic growth (Daily, constant currency sales): 8.7% versus the two-analyst average estimate of 8.3%.
- Net Sales- High-Touch Solutions N.A. $3.40 billion compared to the $3.40 billion average estimate based on five analysts. The reported number represents a change of +7% year over year.
- Net Sales- Other: $73 million compared to the $68.25 million average estimate based on five analysts. The reported number represents a change of +19.7% year over year.
- Net Sales- Endless Assortment: $732 million compared to the $751.93 million average estimate based on five analysts. The reported number represents a change of +4.4% year over year.
- Operating earnings (losses)- Endless Assortment: $55 million compared to the $58.06 million average estimate based on four analysts.
- Operating earnings (losses)- High-Touch Solutions N.A. $612 million versus the four-analyst average estimate of $579.67 million.
View all Key Company Metrics for W.W. Grainger here>>>Shares of W.W. Grainger have returned -3.2% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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