W.W. Grainger, Inc. (NYSE:GWW) , distributor of maintenance, repair and operating (MRO) supplies and other related products, reported fourth-quarter 2017 results, wherein adjusted earnings of $2.94 surpassed the Zacks Consensus Estimate of $2.18. 
W.W. Grainger, Inc. (GWW): Free Stock Analysis Report
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Zacks Investment Research
Revenue: Grainger posted revenues of $2.63 billion, beating the Zacks Consensus Estimate of $2.57 billion.
Earnings Estimates Revision: The Zacks Consensus Estimate for fourth quarter has been stable over the past 30 days. In the trailing four quarters, excluding quarter under review, the company’s earnings have surpassed the Zacks Consensus Estimate by an average of nearly 4.23%.
W.W. Grainger, Inc. Price and EPS Surprise
W.W. Grainger, Inc. Price and EPS Surprise | W.W. Grainger, Inc. Quote
Outlook: Grainger updated its 2018 sales and earnings per share guidance to reflect lower corporate tax due to U.S. tax legislation and better-than-expected fiscal 2017 results. Sales growth guidance is maintained in the range of 3 to 7%. The company now expects earnings per share in the range of $12.95 to $14.15, up from its previous guidance of $10.60 to $11.80.
Zacks Rank: Currently, Grainger carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction: Grainger’s shares gained 9.03% in pre-market trading.
Check back later for our full write up on Grainger’s earnings report!
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W.W. Grainger, Inc. (GWW): Free Stock Analysis Report
Original post
Zacks Investment Research