Msc Industrial Direct Co., Inc reports results for the quarter ended May 31 - Earnings Summary

• Msc Industrial Direct Co., Inc NYSE:MSM reported quarterly adjusted earnings of $1.43​​ per share for the quarter ended May 31, higher than the same quarter last year, when the company reported EPS of $1.08. The mean expectation of nine analysts for the quarter was for earnings of $1.27 per share. Wall Street expected results to range from $1.20 to $1.31 per share.

• Revenue rose 7.8% to $1.05 billion from a year ago; analysts expected $1.03 billion.

• Msc Industrial Direct Co., Inc's reported EPS for the quarter was $1.44​.

• The company reported quarterly net income of $80.36 million.

• Msc Industrial Direct Co., Inc shares had held steady so far this quarter and gained 41.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.5% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

• Wall Street's median 12-month price target for Msc Industrial Direct Co., Inc is $95.00, about 25.2% below its last closing price of $118.95

This summary was machine generated from LSEG data July 1 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact )