Global Industrial Co reports results for the quarter ended December 31 - Earnings Summary

• Global Industrial Co GIC.N reported quarterly adjusted earnings of 27 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 40 cents. The mean expectation of two analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 27 cents to 29 cents per share.

• Revenue fell 5.6% to $302.30 million from a year ago; analysts expected $306.07 million.

• Global Industrial Co's reported EPS for the quarter was 27 cents​.

• The company reported quarterly net income of $10.7 million.

• Global Industrial Co shares had fallen by 2.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.2% 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 no "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the diversified industrial goods wholesale peer group is also "hold"

Wall Street's median 12-month price target for Global Industrial Co is $40.00

This summary was machine generated from LSEG data February 26 at 09:11 a.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)