Global Industrial Co reports results for the quarter ended June 30 - Earnings Summary

• Global Industrial Co GIC.N reported quarterly adjusted earnings of 65 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 52 cents. The mean expectation of two analysts for the quarter was for earnings of 50 cents per share. Wall Street expected results to range from 46 cents to 53 cents per share.

• Revenue rose 3.2% to $358.90 million from a year ago; analysts expected $351.81 million.

• Global Industrial Co's reported EPS for the quarter was 65 cents​.

• The company reported quarterly net income of $25.1 million.

• Global Industrial Co shares had risen by 1.4% this quarter and gained 10.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 12.5% 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 "buy."

• Wall Street's median 12-month price target for Global Industrial Co is $38.00, about 28.7% above its last closing price of $27.11

This summary was machine generated from LSEG data July 29 at 09:38 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)