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's (GWW) Q2 Earnings and Revenues Beat 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 second-quarter 2018 results, wherein adjusted earnings of $4.37 surpassed the Zacks Consensus Estimate of $3.78.
Revenue: Grainger posted revenues of $2.86 billion, beating the Zacks Consensus Estimate of $2.82 billion.
Earnings Estimates Revision: The Zacks Consensus Estimate for second quarter has edged up 0.3% over the past 7 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 18.7%.
Outlook: Grainger raised its 2018 sales and earnings per share guidance. The company now expects that sales will grow 5.5-8.5% compared to the prior guidance of 5-8%. Sales for the year is expected to range between $11.0 and $11.3 billion. Further outlook for earnings per share is now at $15.05-$16.05 from the prior band of $14.30-$15.30.
Market Reaction: Grainger’s shares were inactive in the pre-market trading. 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 Grainger’s earnings report!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Grainger's (GWW) Q2 Earnings and Revenues Beat Estimates
W.W. Grainger, Inc. price-eps-surprise | W.W. Grainger, Inc. Quote
Outlook: Grainger raised its 2018 sales and earnings per share guidance. The company now expects that sales will grow 5.5-8.5% compared to the prior guidance of 5-8%. Sales for the year is expected to range between $11.0 and $11.3 billion. Further outlook for earnings per share is now at $15.05-$16.05 from the prior band of $14.30-$15.30.