MSC Industrial Direct Co Q3 2024 Adj EPS $1.33 Misses $1.50 Estimate, Sales $979.400M Miss $1.014B Estimate
Portfolio Pulse from Benzinga Newsdesk
MSC Industrial Direct Co (NYSE:MSM) reported Q3 2024 adjusted EPS of $1.33, missing the $1.50 estimate. Sales were $979.4M, below the $1.014B estimate and down 7.17% from last year.
July 02, 2024 | 10:34 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
MSC Industrial Direct Co (NYSE:MSM) reported Q3 2024 adjusted EPS of $1.33, missing the $1.50 estimate by 11.33%. Sales were $979.4M, below the $1.014B estimate and down 7.17% from last year.
The significant miss on both EPS and sales estimates, along with a year-over-year decline in sales, is likely to negatively impact MSM's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100