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MSC Industrial (MSM) Q1 Earnings: What To Expect

Industrial supplies company MSC Industrial Direct (NYSE:MSM) will be announcing earnings results this Wednesday before the bell. Here’s what you need to know. MSC Industrial met analysts’ revenue expectations last quarter, reporting revenues of $965.7 million, up 4% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a decent beat of analysts’ adjusted operating income estimates. Is MSC 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 MSC Industrial’s revenue to grow 4.7% year on year, a reversal from the 4.7% decrease it recorded in the same quarter last year. MSC 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. MSC Industrial has missed Wall Street’s revenue estimates multiple times over the last two years. With MSC Industrial being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for industrial distributors stocks. However, the whole sector has faced a sell-off over the last month with stocks in MSC Industrial’s peer group down 13.1% on average. MSC Industrial is down 4.4% during the same time . ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable. These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.