Grainger Expects FY23 Net Sales $16.4B-$16.6B (Prior $16.4B-$16.8B) Vs. $16.57B Est, EPS $36.00-$36.60 (Prior $35.00-$36.75) Vs. $36.01 Est
Portfolio Pulse from Benzinga Newsdesk
Grainger has revised its FY23 net sales forecast to $16.4B-$16.6B, down from the previous $16.4B-$16.8B. The EPS is now expected to be between $36.00-$36.60, up from the previous $35.00-$36.75. The new estimates are in line with the market expectations of $16.57B in net sales and $36.01 in EPS.
October 26, 2023 | 12:13 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Grainger's revised FY23 net sales and EPS estimates are in line with market expectations, which may not significantly impact the stock price.
Grainger's revised FY23 net sales and EPS estimates are in line with market expectations. This suggests that the market has already priced in these estimates, and therefore, the revision may not have a significant impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100