Grainger (GWW) Q4 Earnings Lag Estimates, Revenues Beat
Zacks Investment Research | Jan 29, 2020 09:58PM ET
W.W. Grainger, Inc. (NYSE:GWW) reported fourth-quarter 2019 adjusted earnings per share (EPS) of $3.88, down 2% year over year primarily owing to a higher tax rate in the reported quarter. The bottom line also missed the Zacks Consensus Estimate of $4.03, resulting in a negative surprise of 4%.
Including one-time items, such as restructuring and other charges, earnings came in at $1.88 in the reported quarter. The figure plunged 49% from the year-ago quarter’s $3.68.
Grainger’s revenues jumped 3% to $2,847 million from the prior-year quarter figure of $2,763 million. This upside was driven by an increase of 3.5 percentage point (pp) in volume and unfavorable price impact of 0.5%. The top line surpassed the Zacks Consensus Estimate of $2,845 million.
W.W. Grainger, Inc. Price, Consensus and EPS Surprise
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