W.W. Grainger (GWW) Misses Q3 Earnings and Revenue Estimates

Company Performance - W.W. Grainger reported quarterly earnings of $9.87 per share, missing the Zacks Consensus Estimate of $9.98 per share, but showing an increase from $9.43 per share a year ago, resulting in an earnings surprise of -1.10% [1] - The company posted revenues of $4.39 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 0.38%, and an increase from $4.21 billion year-over-year [2] - Over the last four quarters, W.W. Grainger has surpassed consensus EPS estimates three times, but has not beaten consensus revenue estimates during the same period [2] Stock Performance - W.W. Grainger shares have increased approximately 32.7% since the beginning of the year, outperforming the S&P 500's gain of 21.9% [3] - The current consensus EPS estimate for the upcoming quarter is $9.43 on revenues of $4.25 billion, and for the current fiscal year, it is $38.69 on revenues of $17.2 billion [7] Industry Outlook - The Industrial Services industry, to which W.W. Grainger belongs, is currently ranked in the bottom 33% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of W.W. Grainger's stock may be influenced by the overall outlook for the industry, as research shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]