W.W. Grainger Inc. ($GWW) Stock Forecast: Down 4.9% Today

What is W.W. Grainger Inc.?

W.W. Grainger Inc (NYSE: GWW) is a leading distributor of maintenance, repair, and operating (MRO) products serving businesses and institutions. Today, the stock experienced a strong bearish movement in the market.

Why is W.W. Grainger Inc. going down?

GWW stock is down 4.9% on Aug 1, 2024 15:49

• GWW reported mixed Q2 results, with sales slightly missing consensus estimates, which potentially disappointed investors and led to the bearish movement.
• Despite exceeding profit estimates, the market might have focused more on the sales miss, creating negative sentiment towards the stock.
• The announcement of a quarterly dividend by GWW could have offered some support, but the overall market sentiment and sales performance likely overshadowed this positive development.
• Economic challenges impacting GWW's revenue could have contributed to the bearish movement, hinting at potential obstacles for the company in navigating the current business environment.

GWW Price Chart

GWW Technical Analysis

GWW News

Economic Headwinds Impact Grainger''s Top Line: Q2 Results Mixed

W.W. Grainger Inc (NYSE: GWW ) shares are trading lower after it reported second-quarter 2024 results . Sales of $4.312 billion, up 3.1% Y/Y, missed the consensus of $4.348 billion. In Q2 2024, High-Touch Solutions – N.A. saw a 3.1% Y/Y increase in sales, or 3.7% in constant currency, driven by higher volumes and gains across most markets. Endless Assortment segment sales rose 3.3%, or 11.7% in constant currency, thanks to strong core B2B growth at Zoro and MonotaRO. Adjusted gross profit increased 3.0% Y/Y to $1.694 billion, with a … Full story available on Benzinga.com

https://www.benzinga.com/news/earnings/24/08/40102459/economic-headwinds-impact-graingers-top-line-q2-results-mixed

Grainger (W.W.) Inc. Q2 Profit Beats Estimates

WASHINGTON (dpa-AFX) - Grainger (W.W.) Inc. (GWW) revealed a profit for second quarter that beat the Street estimates.The company''s bottom line came in at $470 million, or $9.51 per share. This co…

https://www.finanznachrichten.de/nachrichten-2024-08/62885068-grainger-w-w-inc-q2-profit-beats-estimates-020.htm

GRAINGER DECLARES QUARTERLY DIVIDEND

CHICAGO, July 31, 2024 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE: GWW) announced today that its board of directors approved a quarterly cash dividend of $2.05 per share. The dividend is payable on September 1, 2024, to shareholders of record on August 12, 2024. About Grainger W.W….

https://www.prnewswire.com/news-releases/grainger-declares-quarterly-dividend-302210400.html

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W.W. Grainger Inc. Price History

05.01.2024 - GWW Stock was up 5.6%

• GWW stock had a strong bullish movement today.
• The company reported fourth-quarter FY23 results, with sales of $3.997 billion, an increase of 5.1% year over year.
• Adjusted operating profit increased by 11.5% year over year to $583 million.
• The positive earnings report and solid performance contributed to the bullish market movement of GWW stock.

03.05.2024 - GWW Stock was down 3.0%

• Downgrading GWW stock to "Neutral" on a reassessed growth trajectory could have contributed to the bearish movement.
• The downgrade might have raised concerns among investors about the future growth prospects of the company.
• The negative sentiment from the downgrade could have led to increased selling pressure on GWW shares, resulting in the bearish movement observed today.

04.01.2024 - GWW Stock was up 5.6%

• GWW shares are trading higher after reporting Q4 earnings, indicating positive investor sentiment.
• Sales of $3.997 billion, up 5.1% YoY, and adjusted operating profit increased 11.5% YoY, showing strong financial performance.
• The company's aim to repurchase up to $1.1 billion of shares further boosts confidence in its future prospects.
• The positive earnings report and outlook likely contributed to the bullish movement in GWW's stock.

29.04.2024 - GWW Stock was down 5.1%

• Neutral rating from Baird replaces the prior higher rating for GWW stock, reflecting a revised view on the company's growth path.
• This adjustment by Baird likely resulted in an uptick in selling activity for GWW shares.
• Concerns may have arisen among investors regarding the future growth potential of the company, prompting a downward trend in the stock price.
• The revised growth outlook might have cast uncertainties on GWW's capacity to deliver robust financial results in the immediate future, leading investors to reconsider their positions and contributing to the bearish market sentiment.

03.01.2024 - GWW Stock was up 5.6%

• W.W. Grainger reported record sales and solid performance for 2023, which likely contributed to the bullish movement in the stock.
• Despite missing the consensus on sales, the company's adjusted gross profit and operating profit showed positive growth, which could have boosted investor confidence.
• The company also announced its plans to repurchase up to $1.1 billion of shares, indicating a positive outlook for future earnings.
• Overall, the bullish movement in GWW's stock can be attributed to the company's strong financial performance and positive outlook.

01.07.2024 - GWW Stock was down 4.9%

• GWW reported mixed Q2 results, with sales slightly missing consensus estimates, which potentially disappointed investors and led to the bearish movement.
• Despite exceeding profit estimates, the market might have focused more on the sales miss, creating negative sentiment towards the stock.
• The announcement of a quarterly dividend by GWW could have offered some support, but the overall market sentiment and sales performance likely overshadowed this positive development.
• Economic challenges impacting GWW's revenue could have contributed to the bearish movement, hinting at potential obstacles for the company in navigating the current business environment.