BMO Capital Cuts Price Target on Grainger (GWW) to $270 Following 2Q EPS Miss

Go back to BMO Capital Cuts Price Target on Grainger (GWW) to $270 Following 2Q EPS Miss

UBS Remains Sidelined on Grainger (GWW) as U.S. and Canada Drive EPS Miss

July 20, 2016 10:05 AM EDT

UBS maintained a Neutral rating on WW Grainger (NYSE: GWW), and cut the price target to $225.00 (from $235.00), following the company's 2Q earnings report. GWW reported an EPS of $2.98, missing the consensus of $3.17. The miss was driven mainly by U.S. and Canada at... More

UPDATE: Grainger (GWW) Misses Q2 EPS Expectations; Trims FY16 EPS Outlook Midpoint

July 19, 2016 7:31 AM EDT

(Updated - July 19, 2016 7:43 AM EDT)

Grainger (NYSE: GWW) reported Q2 EPS of $2.89, $0.28 worse than the analyst estimate of $3.17. Revenue for the quarter came in at $2.56 million versus the consensus estimate of $2.58 billion.

The company also revised its 2016 sales and... More

Trading Radar for 7/19: Microsoft (MSFT), Goldman Sachs (GS), J&J (JNJ), UnitedHealth (UNH), United Air (UAL), Intuitive Surgical (ISRG) Report

July 18, 2016 2:30 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Building Permits - Street sees 1.150MHousing Starts - Street sees 1.165M

Earnings:

Belden (NYSE: BDC) - consensus EPS $1.26
Comerica (NYSE: CMA) - consensus EPS $0.69
Ericsson (Nasdaq: ERIC) - consensus EPS $0.12
Genuine Parts (NYSE: GPC) - consensus EPS... More