Graco: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Graco (NYSE:GGG) reported Q4 earnings with an EPS of $0.8, slightly beating the estimate of $0.79 by 1.27%. Revenue increased by $11.60 million compared to the same period last year. The company's past earnings performance shows a consistent trend of beating EPS estimates, which has previously led to a 7.06% increase in share price the following day.
January 29, 2024 | 9:15 pm
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Graco reported a positive Q4 earnings beat with a slight increase in EPS and revenue growth compared to last year. Historical data shows positive market reactions to past earnings beats.
Graco's history of surpassing earnings expectations and the subsequent positive share price movement suggest a likely short-term positive impact on the stock. The consistent performance in beating EPS estimates and the year-over-year revenue growth are strong indicators for potential investor optimism.
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