WW Grainger IncEarnings report upcoming; revenue expected to rise 8.9%, but stock price unchanged and trading above average price target.
W.W. Grainger is set to report earnings Tuesday before the bell. Analysts expect revenue to grow 8.9% year over year, an improvement from the 5.6% increase in the same quarter last year. The company beat revenue expectations last quarter with $4.74 billion, up 10.1% year on year, and raised full-year EPS guidance. Peers WESCO and MSC Industrial have already reported Q2 results, with WESCO posting 13% revenue growth and MSC Industrial up 7.8%, both topping estimates. Grainger's stock price was unchanged over the last month, heading into earnings with an average analyst price target of $1,292 versus the current share price of $1,382.
WW Grainger IncEarnings report upcoming; revenue expected to rise 8.9%, but stock price unchanged and trading above average price target.
MSC Industrial Direct Company IncMSC Industrial reported Q2 revenue growth of 7.8%, topping estimates, indicating strong demand.
WESCO International IncWESCO reported 13% revenue growth, beating estimates, reflecting robust demand.