Skip to main content

Global Industrial (GIC) Q4 Earnings Report Preview: What To Look For

GIC Cover Image

Industrial and commercial distributor Global Industrial (NYSE: GIC) will be reporting earnings this Tuesday after the bell. Here’s what to expect.

Global Industrial missed analysts’ revenue expectations last quarter, reporting revenues of $353.6 million, up 3.3% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EBITDA estimates and a significant miss of analysts’ EPS estimates.

Is Global Industrial a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Global Industrial’s revenue to grow 7.4% year on year, a reversal from the 5.6% decrease it recorded in the same quarter last year.

Global Industrial Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Global Industrial has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Global Industrial’s peers in the maintenance and repair distributors segment, some have already reported their Q4 results, giving us a hint as to what we can expect. W.W. Grainger delivered year-on-year revenue growth of 4.5%, beating analysts’ expectations by 0.7%, and Transcat reported revenues up 25.6%, topping estimates by 4.1%. W.W. Grainger traded up 9% following the results while Transcat was also up 11.5%.

Read our full analysis of W.W. Grainger’s results here and Transcat’s results here.

There has been positive sentiment among investors in the maintenance and repair distributors segment, with share prices up 7.1% on average over the last month. Global Industrial is up 5.6% during the same time and is heading into earnings with an average analyst price target of $38 (compared to the current share price of $32.05).

Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.

Recent Quotes

View More
Symbol Price Change (%)
AMZN  204.11
-6.00 (-2.86%)
AAPL  265.43
+0.85 (0.32%)
AMD  195.79
-4.36 (-2.18%)
BAC  51.12
-1.94 (-3.66%)
GOOG  312.66
-2.24 (-0.71%)
META  643.37
-12.29 (-1.88%)
MSFT  385.86
-11.37 (-2.86%)
NVDA  189.95
+0.13 (0.07%)
ORCL  138.94
-9.14 (-6.17%)
TSLA  397.31
-14.51 (-3.52%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.