Graco Q2 Earnings Preview: Revenue Expected to Grow 6.7% YOY to $590.2 Million

Graco (GGG) is set to report Q2 earnings on Wednesday after market close. Analysts expect a 6.7% YoY revenue growth to $590.2 million and adjusted earnings of $0.79 per share. The company met revenue expectations last quarter but missed analysts' process revenue estimates. Graco has missed Wall Street's revenue estimates six times over the last two years.

Graco Inc. (GGG), a leading manufacturer of fluid and coating equipment, is set to release its Q2 earnings report on Wednesday after market close. Analysts are expecting a 6.7% year-over-year (YoY) revenue growth, reaching $590.2 million, and adjusted earnings per share (EPS) of $0.79 [1]. The company reported revenues of $528.3 million in the previous quarter, meeting analysts' expectations but falling short on process revenue estimates [1].

Over the past two years, Graco has missed Wall Street's revenue estimates six times, indicating potential volatility in its earnings performance. However, the company's peers in the industrial machinery segment have shown strong performance. GE Aerospace, for instance, reported a 21.2% YoY revenue growth, while Worthington saw flat revenue but topped estimates by 5.6% [1].

The consensus EPS estimate for Graco's Q2 earnings has remained unchanged over the last 30 days, suggesting analysts are confident in the company's performance [2, 3]. Key metrics such as 'Net Sales- Contractor' are expected to reach $293.22 million, indicating an 8.7% YoY increase, and 'Net Sales- Industrial' is forecasted at $247.18 million, up 58.8% YoY [2, 3].

Graco's stock price has returned +3.4% over the past month, outperforming the Zacks S&P 500 composite's +5.4% change [2, 3]. The company carries a Zacks Rank #3 (Hold), suggesting its performance may align with the overall market in the near future [2, 3].

Investors and financial professionals should closely monitor Graco's earnings report and subsequent analyst reactions to gauge the company's performance and potential impact on its stock price.

References:
[1] https://finance.yahoo.com/news/graco-ggg-q2-earnings-report-030921213.html
[2] https://finance.yahoo.com/news/gear-graco-ggg-q2-earnings-131507448.html
[3] https://www.nasdaq.com/articles/gear-graco-ggg-q2-earnings-wall-street-estimates-key-metrics