W.W. Grainger (NYSE:GWW) reported its Q1 earnings results on Thursday, April 28, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
W.W. Grainger beat estimated earnings by 15.52%, reporting an EPS of $7.07 versus an estimate of $6.12.
Revenue was up $563.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.2 which was followed by a 3.92% drop in the share price the next day.
Here's a look at W.W. Grainger's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 5.24 | 5.30 | 4.58 | 4.30 |
| EPS Actual | 5.44 | 5.65 | 4.27 | 4.48 |
| Revenue Estimate | 3.27B | 3.32B | 3.22B | 3.05B |
| Revenue Actual | 3.36B | 3.37B | 3.21B | 3.08B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
W.W. Grainger management provided guidance for FY 2022, expecting earnings between $25.0 and $27.0 per share.
To track all earnings releases for W.W. Grainger visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
