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

• MSC Industrial Direct Co Inc MSM reported quarterly adjusted earnings of $1.08​​ per share for the quarter ended May 31, lower than the same quarter last year, when the company reported EPS of $1.33. The mean expectation of nine analysts for the quarter was for earnings of $1.03 per share. Wall Street expected results to range from 95 cents to $1.07 per share.

• Revenue fell 0.8% to $971.15 million from a year ago; analysts expected $970.23 million.

• MSC Industrial Direct Co Inc's reported EPS for the quarter was $1.02​.

• The company reported quarterly net income of $56.85 million.

• MSC Industrial Direct Co Inc shares had held steady so far this quarter and gained 13.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 8 "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 $84.00, about 1.2% below its last closing price of $85.02

This summary was machine generated from LSEG data July 1 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)