W.W. Grainger Q3 2024 GAAP EPS $9.87 Misses $10.06 Estimate, Sales $4.388B Miss $4.401B Estimate
Portfolio Pulse from Benzinga Newsdesk
W.W. Grainger reported Q3 2024 earnings per share of $9.87, missing the analyst estimate of $10.06. Sales were $4.388 billion, slightly below the expected $4.401 billion, but up 4.28% from last year.
October 31, 2024 | 12:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
W.W. Grainger's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $9.87 and sales at $4.388 billion. Despite the miss, sales increased by 4.28% year-over-year.
The earnings per share and sales figures both missed analyst expectations, which is typically viewed negatively by investors, likely leading to a short-term decrease in stock price. However, the year-over-year sales growth of 4.28% may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100