MSC Industrial Direct Co Inc reports results for the quarter ended August 31 - Earnings Summary

• MSC Industrial Direct Co Inc MSM.N reported quarterly adjusted earnings of $1.09​​ per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of $1.03. The mean expectation of nine analysts for the quarter was for earnings of $1.02 per share. Wall Street expected results to range from 95 cents to $1.08 per share.

• Revenue rose 2.7% to $978.18 million from a year ago; analysts expected $964.25 million.

• MSC Industrial Direct Co Inc's reported EPS for the quarter was $1.01​.

• The company reported quarterly net income of $56.55 million.

• MSC Industrial Direct Co Inc shares had fallen by 5.5% this quarter and gained 16.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3% 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 1 "strong buy" or "buy," 10 "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 $87.50, about 0.6% above its last closing price of $88.03

This summary was machine generated from LSEG data October 23 at 01:31 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 RefinitivNewsSupport@thomsonreuters.com)