W.W. Grainger (GWW) Q2 Earnings Beat Estimates

Core Viewpoint - W.W. Grainger reported quarterly earnings of $9.76 per share, exceeding the Zacks Consensus Estimate of $9.58 per share, and showing an increase from $9.28 per share a year ago, indicating a positive earnings surprise of 1.88% [1] Financial Performance - The company achieved revenues of $4.31 billion for the quarter ended June 2024, which fell short of the Zacks Consensus Estimate by 0.96%, but represented an increase from $4.18 billion year-over-year [2] - Over the last four quarters, W.W. Grainger has consistently surpassed consensus EPS estimates, achieving this four times [2] Stock Performance - W.W. Grainger shares have appreciated approximately 17.9% since the beginning of the year, outperforming the S&P 500's gain of 15.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $10.29, with projected revenues of $4.46 billion, while the estimate for the current fiscal year is $39.19 on revenues of $17.39 billion [7] - The outlook for the Industrial Services industry, where W.W. Grainger operates, is currently in the bottom 10% of Zacks industries, which may impact the stock's performance [8]