W.W. Grainger (GWW) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
W.W. Grainger (GWW) reported $4.31 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 3.1%. EPS of $9.76 for the same period compares to $9.28 a year ago.
The reported revenue represents a surprise of -0.96% over the Zacks Consensus Estimate of $4.35 billion. With the consensus EPS estimate being $9.58, the EPS surprise was +1.88%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how W.W. Grainger performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Reported Growth
: 3.1% compared to the 3.9% average estimate based on five analysts.
Net Sales- High-Touch Solutions N.A.
$3.46 billion versus the five-analyst average estimate of $3.49 billion. The reported number represents a year-over-year change of +3.1%.
Net Sales- Other
: $78 million versus $78.49 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +2.6% change.
Net Sales- Endless Assortment
: $776 million versus $775.89 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +3.3% change.
Operating earnings (losses)- High-Touch Solutions N.A.
$591 million versus the four-analyst average estimate of $610.42 million.
Operating earnings (losses)- Endless Assortment
: $61 million compared to the $57.45 million average estimate based on four analysts.
Operating earnings (losses)- Other
: -$3 million versus -$3.82 million estimated by two analysts on average.
View all Key Company Metrics for W.W. Grainger here>>>
Shares of W.W. Grainger have returned +6.7% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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W.W. Grainger, Inc. (GWW) : Free Stock Analysis Report