Maintenance and repair supplier W.W. Grainger (NYSE: GWW) will be reporting results this Thursday before market open. Here’s what to expect.
W.W. Grainger beat analysts’ revenue expectations last quarter, reporting revenues of $4.43 billion, up 4.5% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and full-year EPS guidance slightly missing analysts’ expectations.
Is W.W. Grainger 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 W.W. Grainger’s revenue to grow 6.3% year on year, improving from the 1.7% increase it recorded in the same quarter last year.
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 multiple 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 Q1 results, giving us a hint as to what we can expect. VSE Corporation delivered year-on-year revenue growth of 26.8%, beating analysts’ expectations by 4.7%, and WESCO reported revenues up 13.8%, topping estimates by 3.7%. WESCO traded up 16.2% following the results.
Read our full analysis of VSE Corporation’s results here and WESCO’s results here.
There has been positive sentiment among investors in the maintenance and repair distributors segment, with share prices up 9.9% on average over the last month. W.W. Grainger is up 1.8% during the same time and is heading into earnings with an average analyst price target of $1,174 (compared to the current share price of $1,138).
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