In its upcoming report, Graco Inc. (GGG) is predicted by Wall Street analysts to post quarterly earnings of $0.82 per share, reflecting an increase of 12.3% compared to the same period last year. Revenues are forecasted to be $589.82 million, representing a year-over-year increase of 8.6%.
The current level reflects an upward revision of 0.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Graco metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Net sales- Expansion Markets' at $45.50 million. The estimate indicates a year-over-year change of +7.5%.
According to the collective judgment of analysts, 'Net Sales- Contractor' should come in at $281.25 million. The estimate suggests a change of +7.2% year over year.
The combined assessment of analysts suggests that 'Net Sales- Industrial' will likely reach $263.02 million. The estimate indicates a year-over-year change of +10.2%.
Analysts expect 'Operating earnings /(loss)- Industrial' to come in at $87.23 million. Compared to the present estimate, the company reported $80.73 million in the same quarter last year.
The consensus estimate for 'Operating earnings/(loss)- Expansion Markets' stands at $11.13 million. Compared to the present estimate, the company reported $10.39 million in the same quarter last year.
Analysts predict that the 'Operating earnings /(loss)- Contractor' will reach $74.13 million. Compared to the present estimate, the company reported $67.87 million in the same quarter last year.
View all Key Company Metrics for Graco here>>>Shares of Graco have demonstrated returns of +5.4% over the past month compared to the Zacks S&P 500 composite's +0.7% change. With a Zacks Rank #2 (Buy), GGG is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Graco Inc. (GGG): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).