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Ahead of Graco (GGG) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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The upcoming report from Graco Inc. (GGG - Free Report) is expected to reveal quarterly earnings of $0.75 per share, indicating an increase of 5.6% compared to the year-ago period. Analysts forecast revenues of $561.72 million, representing an increase of 8.2% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Graco metrics that Wall Street analysts commonly model and monitor.
Based on the collective assessment of analysts, 'Net Sales- Contractor' should arrive at $279.34 million. The estimate points to a change of +15.3% from the year-ago quarter.
Analysts predict that the 'Net Sales- Industrial' will reach $240.31 million. The estimate suggests a change of +53.8% year over year.
The consensus among analysts is that 'Operating earnings /(loss)- Industrial' will reach $80.72 million. Compared to the present estimate, the company reported $52.36 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Operating earnings /(loss)- Contractor' of $78.44 million. The estimate is in contrast to the year-ago figure of $71.05 million.
Shares of Graco have experienced a change of -2.5% in the past month compared to the +1.2% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), GGG is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ahead of Graco (GGG) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
The upcoming report from Graco Inc. (GGG - Free Report) is expected to reveal quarterly earnings of $0.75 per share, indicating an increase of 5.6% compared to the year-ago period. Analysts forecast revenues of $561.72 million, representing an increase of 8.2% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Graco metrics that Wall Street analysts commonly model and monitor.
Based on the collective assessment of analysts, 'Net Sales- Contractor' should arrive at $279.34 million. The estimate points to a change of +15.3% from the year-ago quarter.
Analysts predict that the 'Net Sales- Industrial' will reach $240.31 million. The estimate suggests a change of +53.8% year over year.
The consensus among analysts is that 'Operating earnings /(loss)- Industrial' will reach $80.72 million. Compared to the present estimate, the company reported $52.36 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Operating earnings /(loss)- Contractor' of $78.44 million. The estimate is in contrast to the year-ago figure of $71.05 million.
View all Key Company Metrics for Graco here>>>Shares of Graco have experienced a change of -2.5% in the past month compared to the +1.2% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), GGG is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .