W.W. Grainger GWW reported its Q2 earnings results on Friday, July 29, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
W.W. Grainger beat estimated earnings by 8.12%, reporting an EPS of $7.19 versus an estimate of $6.65.
Revenue was up $630.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.95 which was followed by a 2.89% drop in the share price the next day.
Here's a look at W.W. Grainger's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 6.12 | 5.24 | 5.30 | 4.58 |
EPS Actual | 7.07 | 5.44 | 5.65 | 4.27 |
Revenue Estimate | 3.50B | 3.27B | 3.32B | 3.22B |
Revenue Actual | 3.65B | 3.36B | 3.37B | 3.21B |
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).
Guidance
W.W. Grainger management provided guidance for FY 2022, expecting earnings between $27.25 and $28.75 per share.
To track all earnings releases for W.W. Grainger visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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