We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Grainger (GWW) Beats on Q4 Earnings & Revenues Estimates
Read MoreHide Full Article
W.W. Grainger, Inc. (GWW - Free Report) , distributor of maintenance, repair and operating (MRO) supplies and other related products, reported fourth-quarter 2017 results, wherein adjusted earnings of $2.94 surpassed the Zacks Consensus Estimate of $2.18.
Revenue: Grainger posted revenues of $2.63 billion, beating the Zacks Consensus Estimate of $2.57 billion.
Earnings Estimates Revision: The Zacks Consensus Estimate for fourth 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 4.23%.
Outlook: Grainger updated its 2018 sales and earnings per share guidance to reflect lower corporate tax due to U.S. tax legislation and better-than-expected fiscal 2017 results. Sales growth guidance is maintained in the range of 3 to 7%. The company now expects earnings per share in the range of $12.95 to $14.15, up from its previous guidance of $10.60 to $11.80.
Market Reaction: Grainger’s shares gained 9.03% 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.
Image: Bigstock
Grainger (GWW) Beats on Q4 Earnings & Revenues Estimates
W.W. Grainger, Inc. Price and EPS Surprise | W.W. Grainger, Inc. Quote
Outlook: Grainger updated its 2018 sales and earnings per share guidance to reflect lower corporate tax due to U.S. tax legislation and better-than-expected fiscal 2017 results. Sales growth guidance is maintained in the range of 3 to 7%. The company now expects earnings per share in the range of $12.95 to $14.15, up from its previous guidance of $10.60 to $11.80.