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MSM
Benzinga
53 days

Top Wall Street Forecasters Revamp MSC Industrial Direct Expectations Ahead Of Q3 Earnings

1. MSM's Q3 earnings expected at $1.03, down from $1.33 last year. 2. Projected revenue of $969.19 million, a decline from $979.35 million. 3. Second-quarter revenue missed consensus by declining 4.7% to $891.7 million. 4. Analysts show mixed sentiment with several downgrades on price targets. 5. MSM shares recently gained 3.5%, closing at $84.77.

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FAQ

Why Bearish?

Declining earnings and revenue projections typically indicate negative investor sentiment. The historical pattern shows stocks often react poorly to earnings misses or lowered expectations.

How important is it?

The article is significant due to upcoming earnings expectations and analyst downgrades, which can greatly influence MSM’s stock price.

Why Short Term?

The immediate release of earnings will likely provoke a swift market reaction. Companies typically see short-term stock volatility following disappointing earnings reports.

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