Earnings Preview For MSC Industrial Direct Co

MSC Industrial Direct Co (NYSE:MSM) is preparing to release its quarterly earnings on Thursday, 2024-10-24. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect MSC Industrial Direct Co to report an earnings per share (EPS) of $1.08.

MSC Industrial Direct Co bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

The company's EPS missed by $0.01 in the last quarter, leading to a 1.89% drop in the share price on the following day.

Here's a look at MSC Industrial Direct Co's past performance and the resulting price change:

Quarter

Q3 2024

Q2 2024

Q1 2024

Q4 2023

EPS Estimate

1.34

1.16

1.31

1.62

EPS Actual

1.33

1.18

1.25

1.64

Price Change %

-2.0%

-2.0%

-0.0%

1.0%

Performance of MSC Industrial Direct Co Shares

Shares of MSC Industrial Direct Co were trading at $80.57 as of October 22. Over the last 52-week period, shares are up 44.65%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst Observations about MSC Industrial Direct Co

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on MSC Industrial Direct Co.

The consensus rating for ...