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W.W. Grainger (GWW) Gains As Market Dips: What You Should Know
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W.W. Grainger (GWW - Free Report) closed at $737.90 in the latest trading session, marking a +0.27% move from the prior day. This change outpaced the S&P 500's 0.77% loss on the day. Elsewhere, the Dow lost 0.65%, while the tech-heavy Nasdaq lost 2.23%.
Prior to today's trading, shares of the seller of maintenance and other supplies had gained 11.57% over the past month. This has outpaced the Industrial Products sector's gain of 7.22% and the S&P 500's gain of 4.66% in that time.
Investors will be hoping for strength from W.W. Grainger as it approaches its next earnings release, which is expected to be July 27, 2023. The company is expected to report EPS of $8.94, up 24.34% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $4.19 billion, up 9.16% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $35.83 per share and revenue of $16.64 billion, which would represent changes of +20.8% and +9.27%, respectively, from the prior year.
Any recent changes to analyst estimates for W.W. Grainger should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.12% higher. W.W. Grainger is currently a Zacks Rank #1 (Strong Buy).
Investors should also note W.W. Grainger's current valuation metrics, including its Forward P/E ratio of 20.54. Its industry sports an average Forward P/E of 15.55, so we one might conclude that W.W. Grainger is trading at a premium comparatively.
It is also worth noting that GWW currently has a PEG ratio of 1.58. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Industrial Services stocks are, on average, holding a PEG ratio of 0.73 based on yesterday's closing prices.
The Industrial Services industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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W.W. Grainger (GWW) Gains As Market Dips: What You Should Know
W.W. Grainger (GWW - Free Report) closed at $737.90 in the latest trading session, marking a +0.27% move from the prior day. This change outpaced the S&P 500's 0.77% loss on the day. Elsewhere, the Dow lost 0.65%, while the tech-heavy Nasdaq lost 2.23%.
Prior to today's trading, shares of the seller of maintenance and other supplies had gained 11.57% over the past month. This has outpaced the Industrial Products sector's gain of 7.22% and the S&P 500's gain of 4.66% in that time.
Investors will be hoping for strength from W.W. Grainger as it approaches its next earnings release, which is expected to be July 27, 2023. The company is expected to report EPS of $8.94, up 24.34% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $4.19 billion, up 9.16% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $35.83 per share and revenue of $16.64 billion, which would represent changes of +20.8% and +9.27%, respectively, from the prior year.
Any recent changes to analyst estimates for W.W. Grainger should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.12% higher. W.W. Grainger is currently a Zacks Rank #1 (Strong Buy).
Investors should also note W.W. Grainger's current valuation metrics, including its Forward P/E ratio of 20.54. Its industry sports an average Forward P/E of 15.55, so we one might conclude that W.W. Grainger is trading at a premium comparatively.
It is also worth noting that GWW currently has a PEG ratio of 1.58. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Industrial Services stocks are, on average, holding a PEG ratio of 0.73 based on yesterday's closing prices.
The Industrial Services industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.