Analysts Are Updating Their W.W. Grainger, Inc. (NYSE:GWW) Estimates After Its Second-Quarter Results
Analysts Are Updating Their W.W. Grainger, Inc. (NYSE:GWW) Estimates After Its Second-Quarter Results
Last week saw the newest second-quarter earnings release from W.W. Grainger, Inc. (NYSE:GWW), an important milestone in the company's journey to build a stronger business. W.W. Grainger reported in line with analyst predictions, delivering revenues of US$4.3b and statutory earnings per share of US$9.51, suggesting the business is executing well and in line with its plan. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
上週,W.W.Grainger, Inc.(紐交所:GWW)發佈了最新的第二季度業績,這是公司建立更強大業務的重要里程碑。 W.W.Grainger按照分析師預測報告了營業收入43億美元和基本每股收益9.51美元,表明業務執行良好,並符合其計劃。在公佈結果後,分析師們已經更新了他們的盈利模型,有必要了解他們是否認爲公司前景發生了強烈的變化,還是一切如常。因此,我們收集了最新的基本面預測,以了解分析師對明年的預期。
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Following the latest results, W.W. Grainger's 16 analysts are now forecasting revenues of US$17.3b in 2024. This would be a reasonable 3.0% improvement in revenue compared to the last 12 months. Per-share earnings are expected to rise 4.0% to US$38.76. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$17.4b and earnings per share (EPS) of US$39.12 in 2024. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
根據最新的結果,W.W. Grainger的16位分析師預測2024年營業收入將達到173億美元。相較於過去12個月,這將是合理的3%的營收改善。預計每股收益將增長4.0%,達到38.76美元。但在最新的收益公佈之前,分析師們預計2024年營業收入將達到174億美元,每股收益爲39.12美元。共識分析師似乎沒有在這些結果中看到任何改變,考慮到他們的預估沒有重大變化。他們重申了GWW的目標股價爲979美元,表明業務執行良好,並符合預期。分析師們的共識價格目標只是分析師個別目標的平均值,所以了解底層估計範圍的廣度可能會有所幫助。W.W. Grainger存在一些不同的看法,最看好的分析師將其價值估計爲每股1250美元,而最看淡的則爲每股570美元。注重分析師股價目標的廣泛差距,這對我們來說意味着底層業務有一個相當廣泛的可能性。
The analysts reconfirmed their price target of US$979, showing that the business is executing well and in line with expectations. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on W.W. Grainger, with the most bullish analyst valuing it at US$1,250 and the most bearish at US$570 per share. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.
總體而言,我們可以通過比較預測與過去業績和行業增長預期的數據來清楚地了解這些預測的意義。可以明顯看出,W.W. Grainger的營收增長預計將大幅放緩,預計到2024年底,年化基礎上,營收增長率將達到6.1%。而在過去五年中,歷史增長率爲9.4%。同時,分析師覆蓋的其他公司預計將平均每年增長5.6%的營業收入。因此,很明顯,雖然W.W. Grainger的營收增長預計將放緩,但預計增長率與該行業大致相符。在這個思路的基礎上,我們認爲公司的長期前景比明年的盈利更爲相關。在Simply Wall St,我們獲得了W.W. Grainger的分析師預估的全部範圍,可直觀了解.
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's pretty clear that there is an expectation that W.W. Grainger's revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 6.1% growth on an annualised basis. This is compared to a historical growth rate of 9.4% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 5.6% annually. So it's pretty clear that, while W.W. Grainger's revenue growth is expected to slow, it's expected to grow roughly in line with the industry.
即使如此,必須看到W.W. Grainger在我們的投資分析中顯示了一個警告信號,您需要知道...
The Bottom Line
最重要的事情是分析師增加了它對下一年每股虧損的估計。令人欣慰的是,營收預測未發生重大變化,業務仍有望比整個行業增長更快。共識價格目標穩定在28.50美元,最新估計不足以對價格目標產生影響。
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
最重要的是,沒有明顯的情緒變化,分析師重新確認公司的每股收益估算與之前的估算相符。令人欣慰的是,營業收入預測沒有明顯變化,公司仍然預計與整個行業一同增長。共識價值目標沒有實質性的變化,表明業務的內在價值在最新的估算中沒有經歷任何重大變化。
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for W.W. Grainger going out to 2026, and you can see them free on our platform here..
您可以在我們的平台上免費查看W.W. Grainger的完整分析師預估。
Even so, be aware that W.W. Grainger is showing 1 warning sign in our investment analysis , you should know about...
縱觀全局,衡量明年的收益與過去的業績和行業增長預期有一個較好的方法。可以明顯看出,W.W. Grainger的營收增長預計將大幅放緩,預計到2024年底,年化基礎上,營收增長率將達到6.1%。而在過去五年中,歷史增長率爲9.4%。同時,分析師覆蓋的其他公司預計將平均每年增長5.6%的營業收入。因此,很明顯,雖然W.W. Grainger的營收增長預計將放緩,但預計增長率與該行業大致相符。在這個思路的基礎上,我們認爲公司的長期前景比明年的盈利更爲相關。在Simply Wall St,我們獲得了W.W. Grainger的分析師預估的全部範圍,可直觀了解。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。