Preview: MSC Industrial Direct Co's Earnings
Portfolio Pulse from Benzinga Insights
MSC Industrial Direct Co (NYSE:MSM) is expected to release its quarterly earnings report on January 9, 2024. Analysts predict an EPS of $1.31. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, MSM has seen modest share price increases following earnings beats. Shares are currently trading at $95.07, with an 18.82% increase over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
January 08, 2024 | 2:00 pm
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MSC Industrial Direct Co is anticipated to report quarterly earnings with an EPS forecast of $1.31. Positive past performance and stock appreciation suggest a bullish outlook.
Given MSM's history of modest stock increases following earnings beats and the current positive analyst expectations, there is a likelihood of a short-term positive impact on the stock price if the company meets or exceeds the EPS estimate and provides favorable future guidance. However, the market's reaction can be unpredictable and may also heavily weigh on the guidance provided.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100