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Grainger (GWW) Q1 Earnings Top, Revenues Lag Estimates
W.W. Grainger, Inc. (GWW - Free Report) , distributor of maintenance, repair and operating (MRO) supplies and other related products, reported first-quarter 2019 results, wherein adjusted earnings of $4.51 surpassed the Zacks Consensus Estimate of $4.42.
Revenue: Grainger posted revenues of $2,799 million and missed the Zacks Consensus Estimate of $2,891 million.
Earnings Estimates Revision: Investors should note that the earnings estimate revisions for Grainger for the first quarter have been stable ahead of the earnings release.
As regards earnings surprise, Grainger has outpaced the Zacks Consensus Estimate in each of the past four quarters, with an average beat of 13.50%.
Outlook: Grainger maintained its guidance for full-year 2019. Net sales growth is expected in the range of 4% -8.5% and operating margin in the band of 12.2%-13%.
W.W. Grainger, Inc. Price and EPS Surprise
W.W. Grainger, Inc. Price and EPS Surprise | W.W. Grainger, Inc. Quote
Zacks Rank: Currently, Grainger carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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!
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