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Stock impact report

Global Industrial (GIC) Reports Earnings Tomorrow: What To Expect [Yahoo! Finance]

Global Industrial Company (GIC) 
Company Research Source: Yahoo! Finance
Global Industrial met analysts' revenue expectations last quarter, reporting revenues of $347.8 million, up 6.8% year on year. It was an ok quarter for the company, with sales and earnings largely in line with expectations. Is Global Industrial a buy or sell going into earnings? Read our full analysis here, it's free This quarter, analysts are expecting Global Industrial's revenue to be flat year on year at $353.4 million, slowing from the 18.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.58 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Global Industrial has missed Wall Street's revenue estimates three times over the last two years. Looking at Global Industrial's peers in the industrial distributors segment, some have already reported their Q3 results, giving us a hint as to what Show less Read more
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