MSC Industrial Direct Co Q1 Adj. EPS $1.25 Misses $1.31 Estimate, Sales $954.00M Miss $972.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
MSC Industrial Direct Co (NYSE:MSM) reported Q1 adjusted EPS of $1.25, missing the $1.31 estimate, and sales of $954M, below the $972.06M estimate. This reflects a 15.54% decrease in EPS and a 0.39% decrease in sales from the same period last year.
January 09, 2024 | 11:31 am
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NEGATIVE IMPACT
MSC Industrial Direct Co reported lower-than-expected Q1 earnings and sales, indicating a potential negative impact on its stock price in the short term.
Earnings and sales misses are typically seen as negative indicators for a company's financial performance and can lead to a decrease in investor confidence and stock price. The reported decreases in both EPS and sales compared to the same period last year further contribute to the negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100