Graco Earnings Preview: Get Ahead of the Analysts
Graco (NYSE:GGG) will report earnings after markets close on Wednesday, April 24th. Graco Inc. supplies technology for the management of fluids in both industrial and commercial applications. The Company designs, manufactures, and markets systems to move, measure, control, dispense, and apply fluid materials. Graco’s products are used for applying paints and coatings, high-pressure cleaning of equipment, and lubricating and maintaining vehicles and other equipment.
Here is your Cheat Sheet to Graco Earnings:
Earnings Expectations: Analysts expect earnings of $0.73 per share on revenues of $271.60 million. Currently, the company’s P/E ratio stands at 22.44.
Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.77 to a profit $0.78. For the current year, the average estimate is a profit of $2.94, which is better than the estimate ninety days ago.
Here’s how Graco has been performing on an annual basis:
|Revenue ($) in millions||817.27||579.21||744.06||895.28||1,012|
|Diluted EPS ($)||1.99||0.81||1.69||2.32||2.42|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||215.59||234.12||268.18||256.47||253.68|
|Diluted EPS ($)||0.50||0.58||0.56||0.60||0.68|
Graco has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)