Benzinga | Oct 19, 2021 11:07AM EDT

Earnings Outlook For Graco

Graco (NYSE:GGG) is set to give its latest quarterly earnings report on Wednesday, 2021-10-20. Here's what investors need to know before the announcement.

Analysts estimate that Graco will likely report an Earnings Per Share (EPS) of $0.64

Graco bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat on EPS by 3.33%, which was followed by a $2.83 drop in the share price the next day.

Here's a look at Graco's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 0.60 0.50 0.51 0.42EPS Actual 0.62 0.58 0.61 0.59Revenue Estimate 475.94M 428.75M 426.21M 385.41MRevenue Actual 507.16M 454.13M 470.34M 439.32M

Stock Performance

Shares of Graco were trading at $71.71 as of October 18. Over the last 52-week period, shares are up 10.99%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

If you want to track all upcoming earnings announcements, check out our Earnings Calendar here