Earnings Preview For MSC Industrial Direct Co
Portfolio Pulse from Benzinga Insights
MSC Industrial Direct Co (NYSE:MSM) is scheduled to release its quarterly earnings report on 2024-03-28, with analysts expecting an EPS of $1.16. The company's past earnings performance shows mixed results, with a miss last quarter leading to a slight share price drop. Shares have risen 70.78% over the last 52 weeks, indicating positive long-term shareholder sentiment. Investors will be keenly watching for not only the earnings results but also the company's guidance for future growth.
March 27, 2024 | 2:01 pm
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NEUTRAL IMPACT
MSC Industrial Direct Co is expected to report an EPS of $1.16 for the quarter. Historical performance shows a mixed impact on stock prices post-earnings, with a slight drop after the last miss. Shares have significantly appreciated over the past year.
Given MSM's mixed historical earnings performance and the significant share price appreciation over the past year, the short-term impact of the upcoming earnings report is uncertain. While a positive earnings surprise and guidance could bolster the stock further, any disappointment might lead to a modest correction, reflecting the stock's recent strong performance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100