The upcoming earnings announcement is crucial for Global Industrial, with an EPS estimate of $0.61. Historical data shows that even when the company beats EPS estimates, the stock price can react negatively, as seen in the last quarter. This suggests that while the earnings report is important, the market may react more significantly to the guidance provided. The current trading price and past year's performance indicate a generally positive sentiment, but the short-term impact will depend on the actual earnings and guidance.