Maintenance and repair supplier W.W. Grainger (NYSE: GWW) will be reporting results tomorrow morning. Here’s what to expect.
W.W. Grainger met analysts’ revenue expectations last quarter, reporting revenues of $4.23 billion, up 5.9% year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts’ expectations.
Is W.W. Grainger a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting W.W. Grainger’s revenue to grow 1.9% year on year to $4.31 billion, slowing from the 3.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $9.51 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at W.W. Grainger’s peers in the maintenance and repair distributors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Fastenal delivered year-on-year revenue growth of 3.4%, meeting analysts’ expectations, and MSC Industrial reported a revenue decline of 4.7%, falling short of estimates by 0.8%. Fastenal traded up 7.3% following the results while MSC Industrial was down 10.3%.
Read our full analysis of Fastenal’s results here and MSC Industrial’s results here.
Investors in the maintenance and repair distributors segment have had fairly steady hands going into earnings, with share prices down 1.6% on average over the last month. W.W. Grainger is up 1.9% during the same time and is heading into earnings with an average analyst price target of $1,036 (compared to the current share price of $1,013).
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