W.W. Grainger Narrows Its 2024 Outlook: Now Sees EPS Of $38.00-$39.50 (Prior $38.00-$40.50) Vs $39.15 Est., And Revenue Of $17B $17.3B (Prior $17.2B-$17.7B) Vs $17.373B Est.
Portfolio Pulse from Benzinga Newsdesk
W.W. Grainger has updated its 2024 guidance, narrowing its earnings per share (EPS) outlook to $38.00-$39.50 from the previous $38.00-$40.50, and its revenue forecast to $17.0-$17.3 billion from the prior $17.2-$17.7 billion. The company also adjusted other financial metrics, including sales growth, operating margin, and share buyback plans.
August 01, 2024 | 12:06 pm
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W.W. Grainger has narrowed its 2024 EPS outlook to $38.00-$39.50 and revenue forecast to $17.0-$17.3 billion. The updated guidance reflects a more conservative financial outlook, which may impact investor sentiment and short-term stock price.
The narrowing of the EPS and revenue guidance suggests a more conservative financial outlook for W.W. Grainger, which could lead to a negative short-term impact on the stock price as investors adjust their expectations.
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