W.W. Grainger (GWW) reports Q3: everything you need to know ahead of earnings
Maintenance and repair supplier W.W. Grainger (NYSE:GWW) will be reporting results this Wednesday before market open. Here’s what to look for.
W.W. Grainger beat analysts’ revenue expectations last quarter, reporting revenues of $5.02 billion, up 10.3% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ organic revenue estimates and full-year EPS guidance beating analysts’ expectations.
Is W.W. Grainger a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting W.W. Grainger’s revenue to grow 9% year on year, improving from the 6.1% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. W.W. Grainger has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at W.W. Grainger’s peers in the maintenance and repair distributors segment, some have already reported their Q3 results, giving us a hint as to what we can expect. WESCO delivered year-on-year revenue growth of 16.6%, beating analysts’ expectations by 5.1%, and Fastenal reported revenues up 15.5%, topping estimates by 1%. WESCO traded down 1.2% following the results while Fastenal was also down 2%.
Read our full analysis of WESCO’s results here and Fastenal’s results here.
Investors in the maintenance and repair distributors segment have had steady hands going into earnings, with share prices flat over the last month. W.W. Grainger is up 7.1% during the same time and is heading into earnings with an average analyst price target of $1,332 (compared to the current share price of $1,378).
WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.
This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.