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MSC Industrial (MSM) To Report Earnings Tomorrow: Here Is What To Expect

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Industrial supplies company MSC Industrial Direct (NYSE: MSM) will be reporting earnings this Wednesday before market open. Here’s what to look for.

MSC Industrial missed analysts’ revenue expectations last quarter, reporting revenues of $917.8 million, up 2.9% year on year. It was a softer quarter for the company, with a miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EPS estimates.

Is MSC Industrial a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting MSC Industrial’s revenue to grow 6.2% year on year, improving from its flat revenue in the same quarter last year.

MSC Industrial Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. MSC Industrial has missed Wall Street’s revenue estimates multiple times over the last two years.

With MSC Industrial being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for industrial distributors stocks. However, there has been positive investor sentiment in the segment, with share prices up 5% on average over the last month. MSC Industrial is up 4.2% during the same time .

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