Ahead of Graco (GGG) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
GracoGraco(US:GGG) ZACKS·2024-10-21 14:21

Core Insights - Analysts project Graco Inc. (GGG) will announce quarterly earnings of $0.76 per share, indicating no change year over year, with revenues expected to reach $536.25 million, a decline of 0.6% from the same quarter last year [1] Revenue Estimates - Consensus estimates for 'Net Sales- Industrial' are projected at $151.26 million, reflecting a decrease of 3.7% from the year-ago quarter [2] - 'Net Sales- Process' is expected to be $129.63 million, indicating a decline of 5.6% from the previous year [2] - 'Net Sales- Contractor' is anticipated to reach $254.93 million, showing an increase of 3.9% compared to the same quarter last year [2] Operating Earnings Estimates - 'Operating earnings /(loss)- Industrial' are projected at $50.76 million, down from $54.30 million reported in the same quarter last year [3] - 'Operating earnings /(loss)- Contractor' is expected to be $81.85 million, an increase from $73.51 million reported in the same quarter of the previous year [3] - 'Operating earnings /(loss)- Process' is estimated to reach $38.58 million, compared to $43 million in the same quarter last year [3] Stock Performance - Over the past month, Graco shares have recorded a return of +1.6%, while the Zacks S&P 500 composite has changed by +4.5% [3] - Graco holds a Zacks Rank 3 (Hold), suggesting its performance will likely align with the overall market in the upcoming period [3]