MSC Industrial Direct Co Inc reports results for the quarter ended February 28 - Earnings Summary

• MSC Industrial Direct Co Inc MSM.N reported quarterly adjusted earnings of 72 cents​​ per share for the quarter ended February 28, lower than the same quarter last year, when the company reported EPS of $1.18. The mean expectation of nine analysts for the quarter was for earnings of 68 cents per share. Wall Street expected results to range from 65 cents to 70 cents per share.

• Revenue fell 4.7% to $891.72 million from a year ago; analysts expected $899.55 million.

• MSC Industrial Direct Co Inc's reported EPS for the quarter was 70 cents​.

• The company reported quarterly net income of $39.31 million.

• MSC Industrial Direct Co Inc shares had risen by 2.1% this quarter and gained 6.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.7% 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 1 "strong buy" or "buy," 9 "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is also "hold"

• Wall Street's median 12-month price target for MSC Industrial Direct Co Inc is $84.00

This summary was machine generated from LSEG data April 3 at 01:30 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)