Grainger Expects FY24 Net Sales $17.2B-$17.7B Vs. $17.5B Est., EPS $38.00-$40.50 Vs. $38.65 Est.
Portfolio Pulse from Benzinga Newsdesk
Grainger has provided its financial outlook for FY24, expecting net sales to range between $17.2 billion and $17.7 billion, compared to analysts' expectations of $17.5 billion. The company also forecasts earnings per share (EPS) to be between $38.00 and $40.50, versus the estimated $38.65.
February 02, 2024 | 1:17 pm
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Grainger expects FY24 net sales to be $17.2B-$17.7B, closely matching the $17.5B estimate, and EPS to range from $38.00 to $40.50, around the $38.65 estimate.
Grainger's FY24 financial outlook is closely aligned with market expectations, indicating a neutral impact on its stock price in the short term. The company's sales and EPS forecasts are in line with analyst estimates, suggesting that there may not be significant surprises that could drive the stock price in either direction. However, the confirmation of steady growth and performance could maintain investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100