Grainger (GWW) Tops Q2 Earnings, Lags Sales; Keeps View
Zacks Investment Research | Jul 19, 2017 08:53AM ET
W.W. Grainger, Inc. (NYSE:GWW) is a leading North American distributor of material-handling equipment, safety and security supplies. The company remains focused on providing the lowest total cost maintenance, repair and operating (MRO) solution to select customer groups.
Even though Grainger remains focused on restructuring and acquisitions, the company will bear the brunt of acceleration in pricing actions. It has decided to accelerate its pricing actions this year instead of 2018, in order to gain new customers and grow with existing customers. The price acceleration is also a headwind to the company's gross margins. Further, fluctuation in oil prices and the underperforming Canada segment will dent Grainger's second-quarter 2017 results.
Let’s have a quick look on Grainger’s second-quarter release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate revisions for Grainger have moved south ahead of the second quarter earnings release. The Zacks Consensus Estimate has went down 2.6% over the last 60 days and currently stands at $2.62 for the quarter.
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