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Graco Inc. (GGG) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended March 2023, Graco Inc. (GGG - Free Report) reported revenue of $529.65 million, up 7.2% over the same period last year. EPS came in at $0.74, compared to $0.57 in the year-ago quarter.
The reported revenue represents a surprise of +6.08% over the Zacks Consensus Estimate of $499.31 million. With the consensus EPS estimate being $0.61, the EPS surprise was +21.31%.
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 Graco Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Industrial: $150.19 million versus the four-analyst average estimate of $154.10 million. The reported number represents a year-over-year change of +3.8%.
Net Sales- Process: $133.49 million versus $152.01 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +16.1% change.
Net Sales- Contractor: $245.97 million compared to the $196.52 million average estimate based on four analysts. The reported number represents a change of +4.9% year over year.
Operating earnings /(loss)- Industrial: $52.77 million versus $56.45 million estimated by four analysts on average.
Operating earnings- Unallocated corporate (expense): -$10.44 million versus the four-analyst average estimate of -$9.17 million.
Operating earnings /(loss)- Contractor: $73.77 million versus the four-analyst average estimate of $54.37 million.
Operating earnings /(loss)- Process: $40.57 million versus $31.39 million estimated by four analysts on average.
Shares of Graco Inc. have returned -0.5% over the past month versus the Zacks S&P 500 composite's +2.6% 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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Graco Inc. (GGG) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended March 2023, Graco Inc. (GGG - Free Report) reported revenue of $529.65 million, up 7.2% over the same period last year. EPS came in at $0.74, compared to $0.57 in the year-ago quarter.
The reported revenue represents a surprise of +6.08% over the Zacks Consensus Estimate of $499.31 million. With the consensus EPS estimate being $0.61, the EPS surprise was +21.31%.
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 Graco Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Industrial: $150.19 million versus the four-analyst average estimate of $154.10 million. The reported number represents a year-over-year change of +3.8%.
- Net Sales- Process: $133.49 million versus $152.01 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +16.1% change.
- Net Sales- Contractor: $245.97 million compared to the $196.52 million average estimate based on four analysts. The reported number represents a change of +4.9% year over year.
- Operating earnings /(loss)- Industrial: $52.77 million versus $56.45 million estimated by four analysts on average.
- Operating earnings- Unallocated corporate (expense): -$10.44 million versus the four-analyst average estimate of -$9.17 million.
- Operating earnings /(loss)- Contractor: $73.77 million versus the four-analyst average estimate of $54.37 million.
- Operating earnings /(loss)- Process: $40.57 million versus $31.39 million estimated by four analysts on average.
View all Key Company Metrics for Graco Inc. here>>>Shares of Graco Inc. have returned -0.5% over the past month versus the Zacks S&P 500 composite's +2.6% 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.