MSC Industrial Direct Company, Inc. (NYSE:MSM) is reporting fourth quarter financial results on Tuesday 27th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, MSM is expected to report 4Q20 income of $ 0.96 per share from revenue of $ 750.72 million.
For the full year, analysts anticipate top line of $ 3198.27 million, while looking forward to income of $ 4.57 per share bottom line.
The Company Outlook
Revenue for 4Q20 are expected in a range of $ 747.70 million ~ $ 747.70 million
Full Year 2020 topline are forecasted in a range of$ 3,192.00 million ~ $ 3,192.00 million
Click Here For More Historical Outlooks Of MSC Industrial Direct Company, Inc.
Previous Quarter Performance
MSC Industrial Direct Company, Inc. unveiled income for the third quarter of $ 1.40 per share, from the revenue of $ 834.97 million. The quarterly earnings shrunk 2.78 percent while revenues contracted 3.64 percent compared with the same quarter last year.
According to street consensus, MSM was expected to report 3Q20 income of $ 1.16 per share from revenue of $ 818.87 million. The bottom line results beat street analysts by $ 0.24 or 20.69 percent, at the same time, top line results outshined analysts by $ 16.10 million or 1.97 percent.
Stock Performance
Shares of MSC Industrial Direct Company, Inc. traded up $ 0.31 or 0.46 percent on Friday, reaching $ 68.01 with volume of 243.90 thousand shares. MSC Industrial Direct Company, Inc. has traded high as $ 68.48 and has cracked $ 67.47 on the downward trend
According to the previous trading day, closing price of $ 68.01, representing a 50.68 % increase from the 52 week low of $ 44.93 and a 15.24 % decrease over the 52 week high of $ 79.87.
The company has a market capital of $ 3.78 billion and is part of the Industrials sector and Industrial Distribution industry.
Conference Call
MSC Industrial Direct Company, Inc. will be hosting a conference call at 8:30 AM eastern time on 27th October 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.mscdirect.com
MSC Industrial Direct Co., Inc., together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, and the United Kingdom. The companys MRO products comprise cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock products, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies. It offers approximately 1,645,000 stock-keeping units through its catalogs; brochures; e-commerce channels, including its Website, mscdirect.com; inventory management solutions; and call-centers and branches.
