W.W. Grainger, Inc. (GWW - Free Report) , distributor of maintenance, repair and operating (MRO) supplies and other related products, reported first-quarter 2018 results, wherein adjusted earnings of $4.18 surpassed the Zacks Consensus Estimate of $3.41.
Revenue: Grainger posted revenues of $2.77 billion, beating the Zacks Consensus Estimate of $2.71 billion.
Earnings Estimates Revision: The Zacks Consensus Estimate for first quarter has been stable over the past 30 days. In the trailing four quarters, excluding quarter under review, the company’s earnings have surpassed the Zacks Consensus Estimate by an average of nearly 11.99%.
Outlook: Grainger raised its 2018 sales and earnings per share guidance. The company now expects that sales will grow 5-8% compared to the prior guidance of 3-7%. Further outlook for earnings per share is now at $14.30-$15.30 from the prior band of $12.95-$14.15.
Zacks Rank: Currently, Grainger carries a Zacks Rank #2 (Buy) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction: Grainger’s shares gained 7.3% in pre-market trading.
Check back later for our full write up on Grainger’s earnings report!
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W.W. Grainger, Inc. (GWW - Free Report) , distributor of maintenance, repair and operating (MRO) supplies and other related products, reported first-quarter 2018 results, wherein adjusted earnings of $4.18 surpassed the Zacks Consensus Estimate of $3.41.
Revenue: Grainger posted revenues of $2.77 billion, beating the Zacks Consensus Estimate of $2.71 billion.
Earnings Estimates Revision: The Zacks Consensus Estimate for first quarter has been stable over the past 30 days. In the trailing four quarters, excluding quarter under review, the company’s earnings have surpassed the Zacks Consensus Estimate by an average of nearly 11.99%.
Outlook: Grainger raised its 2018 sales and earnings per share guidance. The company now expects that sales will grow 5-8% compared to the prior guidance of 3-7%. Further outlook for earnings per share is now at $14.30-$15.30 from the prior band of $12.95-$14.15.
Zacks Rank: Currently, Grainger carries a Zacks Rank #2 (Buy) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction: Grainger’s shares gained 7.3% in pre-market trading.
Check back later for our full write up on Grainger’s earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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