Yahoo Finance What To Expect From W.W. Grainger's (GWW) Q2 Earnings
Maintenance and repair supplier W.W. Grainger (NYSE:GWW) will be announcing earnings results tomorrow before market open. Here's what to expect.
W.W. Grainger met analysts' revenue expectations last quarter, reporting revenues of $4.24 billion, up 3.5% year on year. It was a mixed quarter for the company, with a decent beat of analysts' organic revenue estimates but a miss of analysts' earnings estimates.
Is W.W. Grainger a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting W.W. Grainger's revenue to grow 4% year on year to $4.35 billion, slowing from the 9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $9.59 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. W.W. Grainger has missed Wall Street's revenue estimates five times over the last two years.
Looking at W.W. Grainger's peers in the maintenance and repair distributors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Transcat delivered year-on-year revenue growth of 10.1%, missing analysts' expectations by 3.8%, and Fastenal reported revenues up 1.8%, in line with consensus estimates. Transcat traded down 13.7% following the results while Fastenal was up 5.8%.
Read our full analysis of Transcat's results here and Fastenal's results here.
There has been positive sentiment among investors in the maintenance and repair distributors segment, with share prices up 9.4% on average over the last month. W.W. Grainger is up 5.3% during the same time and is heading into earnings with an average analyst price target of $978.3 (compared to the current share price of $966.36).
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