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W.W. Grainger, Inc. (GWW - Free Report) is a leading North American distributor of material-handling equipment, safety and security supplies. The company remains focused on providing the lowest total cost maintenance, repair and operating (MRO) solution to select customer groups.
Even though Grainger will benefit from acquisitions, focus on restructuring and growth in its eCommerce channel, its results continue to bear the brunt of weak demand, unfavorable operating expenses and impact of Hurricane Matthew. Given the deflationary environment, the company remains cautious on gross margins. Moreover, weakening monthly sales and underperforming Canada segment will weigh on fourth-quarter 2016 results.
Let’s have a quick look on Grainger’s fourth-quarter release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Grainger for the fourth quarter has remained static over the past month. Coming to the earnings surprise history, Grainger beat the Zacks Consensus Estimate in three out of the trailing four quarters with an average positive earnings surprise of around 3.71%.
Grainger posted adjusted earnings of $2.45 per share in the fourth-quarter of 2016. Earnings beat the Zacks Consensus Estimate of $2.36. Investors should note that these figures take out special items. However, earnings declined 2% year over year during the quarter owing to adjustments from restructuring plans as well as several accounting actions.
Revenue
Grainger posted revenues of $2,471 million, which marginally came ahead of the Zacks Consensus Estimate for revenues of $2,446 million.
Key Stats To Note
Grainger reaffirmed its sales growth guidance of 2% to 6% for fiscal 2017 and earnings per share of $11.30 to $12.40.
Zacks Rank
Currently, Grainger has a Zacks Rank #3 (Hold), but that could change following Grainger’s earnings report which was just released.
Market Reaction
Grainger’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this Grainger’s earnings report later!
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Grainger (GWW) Beats on Q4 Earnings & Revenues
W.W. Grainger, Inc. (GWW - Free Report) is a leading North American distributor of material-handling equipment, safety and security supplies. The company remains focused on providing the lowest total cost maintenance, repair and operating (MRO) solution to select customer groups.
Even though Grainger will benefit from acquisitions, focus on restructuring and growth in its eCommerce channel, its results continue to bear the brunt of weak demand, unfavorable operating expenses and impact of Hurricane Matthew. Given the deflationary environment, the company remains cautious on gross margins. Moreover, weakening monthly sales and underperforming Canada segment will weigh on fourth-quarter 2016 results.
Let’s have a quick look on Grainger’s fourth-quarter release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Grainger for the fourth quarter has remained static over the past month. Coming to the earnings surprise history, Grainger beat the Zacks Consensus Estimate in three out of the trailing four quarters with an average positive earnings surprise of around 3.71%.
W.W. Grainger, Inc. Price and EPS Surprise
W.W. Grainger, Inc. Price and EPS Surprise | W.W. Grainger, Inc. Quote
Earnings
Grainger posted adjusted earnings of $2.45 per share in the fourth-quarter of 2016. Earnings beat the Zacks Consensus Estimate of $2.36. Investors should note that these figures take out special items. However, earnings declined 2% year over year during the quarter owing to adjustments from restructuring plans as well as several accounting actions.
Revenue
Grainger posted revenues of $2,471 million, which marginally came ahead of the Zacks Consensus Estimate for revenues of $2,446 million.
Key Stats To Note
Grainger reaffirmed its sales growth guidance of 2% to 6% for fiscal 2017 and earnings per share of $11.30 to $12.40.
Zacks Rank
Currently, Grainger has a Zacks Rank #3 (Hold), but that could change following Grainger’s earnings report which was just released.
Market Reaction
Grainger’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this Grainger’s earnings report later!
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>