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 $1.45​​ per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of $1.09. The mean expectation of ten analysts for the quarter was for earnings of $1.41 per share. Wall Street expected results to range from $1.34 to $1.46 per share.

• Revenue rose 10.3% to $1.08 billion from a year ago; analysts expected $1.07 billion.

• MSC Industrial Direct Co., Inc.'s reported EPS for the quarter was 85 cents​.

• The company reported quarterly net income of $47.94 million.

• MSC Industrial Direct Co., Inc. shares had risen by 7.4% this quarter and gained 57.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.1% 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 4 "strong buy" or "buy," 7 "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 $140.00, about 5.1% above its last closing price of $132.82

This summary was machine generated from LSEG data October 22 at 07:19 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)