W.W. Grainger, Inc. (NYSE:GWW) is reporting second quarter financial results on Thursday 23rd July 2020, before market open.
According to analysts surveyed by Thomson Reuters, GWW is expected to report 2Q20 income of $ 3.33 per share from revenue of $ 2707.81 million.
For the full year, analysts anticipate top line of $ 11309.30 million, while looking forward to income of $ 14.75 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 11,888.00 million ~ $ 12,233.00 million, where as bottomline are predicted in a range of $ 17.75 ~ $ 19.25 per share
Click Here For More Historical Outlooks Of W.W. Grainger, Inc.
Previous Quarter Performance
W.W. Grainger, Inc. announced income for the first quarter of $ 4.24 per share, from the revenue of $ 3,001.00 million. The quarterly earnings declined 5.99 percent while revenues extended 7.22 percent compared with the same quarter last year.
Street analysts expected W.W. Grainger, Inc. to report income of $ 4.43 per share on revenue of $ 2862.91 million for the first quarter. The bottom line results missed street analysts by $ 0.19 or 4.29 percent, at the same time, top line results outshined analysts by $ 138.09 million or 4.82 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of GWW was $ 338.95, representing a 68.96 % increase from the 52 week low of $ 200.61 and a 2.21 % decrease over the 52 week high of $ 346.60.
The company has a market capital of $ 18.12 billion and is part of the Industrials sector and Industrial Distribution industry.
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Recent Analyst recommendations
On 9th July 2020, upgraded by Gordon Haskett to Hold from Underperform rating.
On 30th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 324.00 target price.
On 2nd June 2020, upgraded by Longbow Research to Buy from Neutral rating.
Recent Stock Dividend Announcement
On April 29, 2020, the board of directors authorized quarterly dividend of $ 1.44 per share to holders of record as of the close of business on May 11, 2020, with payment date of June 1, 2020 and ex-dividend date on May 8, 2020.
W.W. Grainger, Inc. distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally.
