Gear Up for Graco (GGG) Q1 Earnings: Wall Street Estimates for Key Metrics

In its upcoming report, Graco Inc. (GGG) is predicted by Wall Street analysts to post quarterly earnings of $0.68 per share, reflecting an increase of 4.6% compared to the same period last year. Revenues are forecasted to be $525.42 million, representing a year-over-year increase of 6.8%.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.Bearing this in mind, let's now explore the average estimates of specific Graco metrics that are commonly monitored and projected by Wall Street analysts.According to the collective judgment of analysts, 'Net Sales- Contractor' should come in at $260.03 million. The estimate points to a change of +13% from the year-ago quarter.The consensus estimate for 'Net Sales- Industrial' stands at $226.55 million. The estimate indicates a change of +59.6% from the prior-year quarter.Analysts predict that the 'Operating earnings /(loss)- Contractor' will reach $70.82 million. Compared to the current estimate, the company reported $66.14 million in the same quarter of the previous year.The average prediction of analysts places 'Operating earnings /(loss)- Industrial' at $74.78 million. Compared to the present estimate, the company reported $44.80 million in the same quarter last year.View all Key Company Metrics for Graco here>>>Over the past month, shares of Graco have returned -4.4% versus the Zacks S&P 500 composite's -5.6% change. Currently, GGG carries a Zacks Rank #2 (Buy), suggesting that it may outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Graco Inc. (GGG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks