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GGGBearishEarningsnews
Materiality pending

Graco Inc. (GGG) Lags Q1 Earnings and Revenue Estimates

Apr 24, 2024, 6:55 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Graco Inc. missed Q1 earnings estimates, with adjusted EPS at $0.65 vs. $0.74 expected. - Revenues at $492.19 million missed estimates by 8.35%, with $529.65 million a year ago. - Graco shares have only gained 3.2% YTD compared to the S&P 500's 6.3%. - Management's commentary on earnings call crucial for stock's immediate movement. - Zacks Rank currently at #3 (Hold) with a mixed estimate revisions trend. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • Graco Inc. missed Q1 earnings estimates, with adjusted EPS at $0.65 vs. $0.74 expected.
  • Revenues at $492.19 million missed estimates by 8.35%, with $529.65 million a year ago.
  • Graco shares have only gained 3.2% YTD compared to the S&P 500's 6.3%.
  • Management's commentary on earnings call crucial for stock's immediate movement.
  • Zacks Rank currently at #3 (Hold) with a mixed estimate revisions trend.

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