For the last five quarters, WW Grainger (NYSE:GWW) has exceeded analyst expectations. The company will try to continue the streak when it reports its latest earnings on Wednesday, July 18, 2012.
Analysts currently expect WW Grainger to come in with earnings of $2.63 per share on revenues of $2.27 billion. Analysts gave estimates ranging from $2.57 per share to $2.74 per share. Over the past three months, the average estimate has moved up from $2.61.
Last Quarter's Results
In the first quarter, profit rose 18.7% to $187.5 million ($2.57 a share) from $157.9 million ($2.18 a share) the year earlier, exceeding analyst expectations. Revenue rose 16.4% to $2.19 billion from $1.88 billion.
Analysts think investors should stand pat on WW Grainger with seven of 12 analysts rating it hold. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.
The stock fell $18.16 per share between May 3, 2012 and June 4, 2012. Looking at change over the last three months, April 18, 2012 and July 13, 2012, the stock price fell $26.99 (-12.5%), from $216.75 to $189.76.
Company Fundamental Trends
Reporting Period: 2Q
Date of Release: Wednesday, July 18, 2012 before market open
Revenue Estimate: $2.27 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)