MSC Industrial Expects Q3 Adjusted EPS Of $1.32 - $1.34, Est $1.55
Portfolio Pulse from Benzinga Newsdesk
MSC Industrial Direct Co., Inc. (MSM) has announced its expected Q3 adjusted EPS to be between $1.32 and $1.34, which is below the estimated $1.55.
June 13, 2024 | 8:36 pm
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MSC Industrial Direct Co., Inc. (MSM) has announced its expected Q3 adjusted EPS to be between $1.32 and $1.34, which is below the estimated $1.55. This shortfall may negatively impact investor sentiment and the stock price in the short term.
The expected Q3 adjusted EPS being significantly lower than the estimate suggests potential underperformance, which is likely to lead to a negative reaction from investors and a short-term decline in the stock price.
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